I am very bullish on $BABA, it's one of the best performers in the market for 2025 so far but we know there is a pull back needed and I think with this current set up, a flush down to $121 and a test of the 2 year range top line is very much needed and a great opportunity
Ideally a retest of the 200 WMA at $105 would be perfect but I am not sure mainland China would allow the price to fall this low, they tend to buy very heavy when they do start adding.....but let's see.
I am not playing this Wave 3 subwave pull backs, meaning I won't sell to buy lower. I will only add on the pull back and hold of support.