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$BABA TOP 10 & TOP 10 - WITHOUT EWT

A simple Cup and Handle formation, with a breakout at $121.45

A retest of this level, the same retest we saw on the $HIMS and $PLTR charts before they went parabolic this year too and the implied move is up to $176

It must be said that this does align very well with Elliott Wave Theory too.

$BABA TOP 10 & TOP 10 - WITHOUT EWT

Comments

What does EWT mean?

BJ

Correct me if I understand this wrong. So we expect a drawdown to 121.45 before another rise? So 122 would be a great place for an initial entry if I don't have any China exposure yet?

James Greene

Wait wait. So this is not EWT?

Chris H

Conviction so high on this one. Everyday price, I neither look at nor it bothers me. Such a comfortable hold

sahilpreet Singh


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