$BABA TOP 20
Added 2024-08-25 04:08:36 +0000 UTC$BABA has had a great week and month, in spite of its 2 hr scare post earnings before the market opened.
Moving bullishly in an impulse wave, making higher highs and higher lows, any pull backs are getting bought up in the next trading sessions too.
No changes to the chart here and the 1.618 Fib remains at $88 for Wave 3 to complete.
I am not adding right now, nor will I sell even at $88 to time the subwave 4 pull back, subwaves are not something I like to take risks on.
September is notoriously a difficult month for the market, this also aligns with subwave 4 too.
Comments
I have been accumulating BABA, BIDU and JD anticipating these stocks to outperform US stocks; but many analysts are now expecting another leg up for US stocks (since last Friday's Powell speech) so Chinese stocks might have to wait before recovering further
niorthey
2024-08-25 13:17:50 +0000 UTCCap, with Baba scheduled for dual listing, would there be a chance Baba and China stocks to finally diverge from US markets from their major pullbacks?
jp
2024-08-25 12:40:04 +0000 UTCWhat is your strategy? Are you selling your Baba shares at wave 5? or are you waiting for your goal 2 at $140?
Ilia$
2024-08-25 06:05:11 +0000 UTC
