$BABA TOP 20
Added 2024-08-09 11:44:41 +0000 UTCSo big picture here, as we'll be discussing $BABA again on Sunday:
Large Wedge breakout in April
Followed by a second wedge in August
Followed by a second wedge breakout in August
Making higher lows since the low in Jan '24
Above the 50 and 200 Day MA now
Above the red resistance line
Making a higher high now
Moving in an impulse count
Holding at Fib Support levels on pull backs
Next we need another higher high above $81
These are the facts.
Comments
Lol exactly the same story and average now for me :-)
Anthony Tqt
2024-08-09 12:52:21 +0000 UTCNice average now and I think you are correct with your commentary
Gareth Neary
2024-08-09 12:28:36 +0000 UTCBaba is a great company and the biggest position at the moment in my growth-stock-portfolio. The problem is the context… China, exportations, international agreements (dis-agreements), Taiwan / semiconductors, not-growing micro economy in the country… That said, I am 100% sure that once the international scenarios finally change, Baba will be one of the most important stocks to have at the lowest price. My average is still slightly above 100 but my first buy was at 270 (!!!). Thanks Captain for the frequent updates on this one 🙏🏻
Federico Salerno
2024-08-09 12:17:38 +0000 UTC
