SamSuka
The Long Investor
The Long Investor

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$BABA UPDATE

Fantastic day today, the 0.38 Fib has provided a perfect buy opportunity for us at Subwave 2 and Subwave 4, I am watching for this to break above the previous high at $105 to confirm the impulse wave. Once Wave 5 is complete, we should expect a notable pull back which will be very healthy for us and another opportunity to add to our positions.

As always, I will update each day next week and alert when I buy or sell, I am still in two minds whether to take some money off the table at Wave 5 to prepare for the pull back.

$BABA UPDATE

Comments

Great work cap! Taking money off the table seems sensible given the entry and the expected pullback in my option. What’s your take?

Yuri van Huisstede

I think I speak for a lot of folks here when I say we really appreciate your buy and sell signals. Thanks

ES B


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