$BABA TOP 20
Added 2025-02-07 11:16:37 +0000 UTC$BABA is running in the PM now after a rumour has circulated that they are looking to acquire a 10% Stake in DeepSeek...makes a lot of sense for $BABA to do this, as $MSFT did the same with OpenAi.
Price is up +5% now in the PM and just above the 200 WMA at $104.
Ideally we would like to see a pull back to the Fib levels as shown for a higher low before taking off, for those who have not added enough yet
Personally I have added A LOT in the Buy Zone for the last 18 months so I am very happy with my position....but a higher low at $89 would tempt me to add again.
If a pull back does not come to the Fib levels, then holding above the 200 WMA is also a buy signal.
Comments
Sorry for my ignorance Cap, but why is this a good news? I meant BABA claimed QWEN 2.5 is the best outstanding Open AI, Deepseek. Why would they want to buy 10%?
Borja De Orduña Trujillano
2025-02-07 13:13:51 +0000 UTCim thinking this might be my buy signal been wanting to add BABA was going to add yesterday at 99
Scott Glover
2025-02-07 12:36:47 +0000 UTCYou are very welcome Joel
Gareth Neary
2025-02-07 11:29:47 +0000 UTCLove this, was gonna ask about other buying opportunities but holding above the 200 WMA answers my question. Day 3 here and enjoying!
Joel
2025-02-07 11:28:06 +0000 UTC
