$BABA TOP 20
Added 2024-05-12 18:17:59 +0000 UTCThe big one this week for the Top 20.
Earnings are due before the market opens on Tuesday and for me, all eyes will be on margins and how much their cloud division has grown, also how their expansion plans outside of China are going.
Any surprises and this is down to the 50 Day MA at $74 which is just at the 0.618 Fib and the wedge breakout level.
Overall, I don't think anything is going to stop $BABA moving higher over the next 12 months, unless this earnings is a complete catastrophe and I don't see how it will be.
So any opportunity to add on a pull back tomorrow or Tuesday and I am buying.
Likely going to increase my position by 35%.
