$BABA TOP 20
Added 2023-08-13 19:11:26 +0000 UTCHad a bit of rollercoaster week, dropped before earnings and then bounced very well after a fantastic report and then gave back some gains the following day, we wanted to see a break above the $102-$103 level to confirm the impulse wave and upward trend further but it did not come.....the market was too weak for any stock of this magnitude to be aggressive.
I am happy that we are still making higher lows, the 50 Day MA is still above the 200 Day, with some flattening and I am happy with what I am seeing on the chart, big picture this is in a comfortable position....if it wants to move sideways for the next 2 weeks until the market finds its feet, that makes perfect sense to me.
Like I have said before, I have doubled my position in $BABA when it pulled back before earnings to $93/$94, I feel that any price below $100 is a good add here.
Comments
Had to trim my $BABA position after the earnings bump to lock in some nice gains… glad to see $LULU for the COTW, I’ve done well on your COTW picks. Thank you Cap!
RandumbInvestor
2023-08-15 04:38:58 +0000 UTCSo, the count that ends in 120 is subwave 1 of 3 ?
Daniel SI
2023-08-13 19:24:01 +0000 UTC
