SamSuka
The Long Investor
The Long Investor

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$BABA

Small pullback today after its strong move yesterday and adding $10 Billion to its market cap valuation yesterday.

The trend remains the same and I have added in the RSI and MACD here to supplement our chart.

RSI has been moving in a bullish trend since May, with more upside to go before this is in the oversold territory.

Likewise, the MACD has been trending fantastically since April too, very bullish and showing no signs of this changing.

I think any further dips from here will be opportunities to buy, as I see a route to $120 with not a lot of concerns along the way.

$BABA

Comments

$ZM

Jong

Top of W3 is c.$180 by End of Year. Top of W5 is just shy of $205 in early Q2 2024 ($BABA chart on 15th July)

Steve Cullip

thank you! Do you happen to have a longer term vision of $BABA?

Vitovit


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