$BABA TOP 20
Added 2025-02-02 18:27:35 +0000 UTCWe have been looking on course to test the 200 WMA at $106 before needing a pull back but we will see tomorrow in the PM just how much damage has been done by the Tariffs....the 10% tariff on China is less than what the market expected and we haven't heard China's counter yet either.....Trump seems less interested in starting a trade war with China compared to Mexico, Canada and the EU....he knows it's a fight that is not worth taking on.
China is still regarded as a haven for me this year and we have seen how bullish $BABA has moved lately and I believe the price moves up above +$140 this year.
I have added in the fib levels from our current high and now the 200 WMA, so a higher low next is what we need to see and I think this will comfortably come in next.
