The Long Investor

$BABA TOP 20

Added 2024-07-17 19:32:33 +0000 UTC

$BABA looks set to finish the day resting on its 200 Day MA after testing it perfectly today at $76.50 to the cent.

Subwave 3 went just slightly ahead of the 1.618 Fib but rejected on the retest and the pull back now is at the 0.5 Fib, all very standard here and no break down of it structure, Chinese ADRs faired better than US stocks overall today.

Last day of the Chinese event tomorrow, there was some rumours floating around that their leader may have been ill today but I did not get much details, I will try and find out more.

I would like to see a positive economic announcement made tomorrow.