The Long Investor

$BABA TOP 20 & TOP 10

Added 2025-02-14 11:53:29 +0000 UTC

Our 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.