The Long Investor
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$BABA TOP 20 and TOP 10
🕑 Added 2025-01-26 12:33:37 +0000 UTCOk we finally got the breakout back above $87 (blue line) this week since waiting for it since October.
We need to see $87 hold now, this is crucial, no slip ups allowed now defending the $87 level by the bulls or the price could sink down to $70
Holding above $87 and the 1.618 Fib at $164 is the Wave 3 target.
However the blue line at $121 would be the next target and important consolidating range to break out of.
Comments
ok
I obviously believe in the chart more than things like this but I was just comparing open interest on calls vs puts and there is an absurd amount of bullish contracts for end of feb and march expiry at the 100 strike. Just a nice cherry on top/interesting thing to notice
