SamSuka
The Long Investor
The Long Investor

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$BABA TOP 20

$BABA I believe can still oscillate between the yellow range at $145 and $126 but a lower low is possible here and the blue range line at $121 is a very obvious place for a retest over the next few weeks if panic does spread across the markets.

Below this level and the price moves into the Buy Zone and we would be looking at support on the white fib levels.

The main point here: $BABA has not been following the US market for the last 2 years or this year and has been a strong outlier and rightly so

I believe it is still in Wave 3 and a good hedge against the market

So a pull back will encourage me to add again.

 

$BABA TOP 20

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