The Long Investor
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$BABA TOP 20 & TOP 10
🕑 Added 2025-02-14 11:53:29 +0000 UTCOur Top 10 chart is now up +50% YTD with the movement in today's PM but more importantly the price has broken out of the blue lined consolidated range at $121.70 that has been in place since 2022.
PM price is hitting a high from July 2022 when there was a peak and fake breakout so this is something we have to monitor.
The main point today is that there is a crack in this otherwise very strong resistance level....and the bullish momentum is clear here.
A pull back to the green fib levels now would be my preferred move next, we all know that I prefer structure over parabolic moves, because it gives us a chance to add more shares and it strengthens the structure to go even higher.
Earnings are also expected next week on the 20th too, I do expect as always a pull back for Wave 2 for this Primary Wave 3 but we need to wait for this momentum in Wave 1 to reject.
For now, I'm sitting very happily just observing, having done all the hard work over the last 18 months accumulating in the Buy Zone, this is my reward: calm.
Comments
G4Golf
Can't abide seeing a green account go red so decided to take the profits and now regretting / praying for this pullback. I don't like playing subwaves but if you are relatively new to this, you don't have big cushions of profits to play with. Watching and waiting calmly!
Ragin_Savant
I'll enjoy this "calm" with you Cap
