$BABA TOP 20
Added 2024-09-26 16:10:41 +0000 UTCI am glad we updated this chart two days ago to show where we think Wave 3 would settle at, so far the share price has sustained the strength today and is still keeping between +9-10% now, we still have a small bitt to go before reaching the Wave 3 level at $107 and we got close to $105 today.
We have to expect a Wave 4 pull back after reaching this level, I am still in two minds about trimming here to add again at Wave 4, I will see how the rejection behaves at the 1.618 Fib, I have no concerns just adding again on the Wave 4 level instead.
Comments
I personally am very very bullish on China. They are dirt cheap on a economy that is about to revive itself so probably BABA going a lot higher over the next 5 years
Bercan
2024-09-26 23:51:17 +0000 UTCMy calls(slight otm but 2026) were up %525 as I got them when baba was 65 to 70 range. I trimmed %25 today and will trim %25 at 107 ish levels and then add some more otm leaps and stock after pullback
Bercan
2024-09-26 23:50:00 +0000 UTCWhat makes a stock more likely to go through the 1.6 and on to 2 or higher? Feels like the combo of undervalued nature, super investor interest and massive govt stimulus is rocket fuel for everyone to pile back in.
Nick E
2024-09-26 19:17:18 +0000 UTCI will take profit at 107. Need to reward myself for long waiting
WiktorW
2024-09-26 16:15:45 +0000 UTC
