$BABA TOP 20
Added 2024-05-02 09:48:28 +0000 UTC$BABA's PM move brings the price right up to the red line which we know is a resistance level, as this level was tested 4 times since December and rejected each time before ultimately going lower into the buy zone.
A break above $77.70 and holding will be a significant development for $BABA and our signal to add to our position.
I believe once this level is held, there will be no issuing breaking above the 200 Day MA next and a move up to our Wave 3 target is next at the 1.618 Fib at $87.
Well done to all who have showed a lot of patience here over the last few months.
