The Long Investor

$BABA TOP 20 & TOP 10

Added 2025-02-12 11:33:36 +0000 UTC

So far this has been a real winner for our Top 10 list for 2025, up +39% YTD with the PM movement today....and even more so for those who were accumulating in the Buy Zone.

It was sometimes difficult over the last 18 months to keep people on message here and remind them of how undervalued $BABA was and that when the accumulation phase is over, the price would return to its mean but I hope the big take away from this is the lesson learnt and congrats to those who are sitting on healthy profits so far.

$BABA and $AAPL announced an AI partnership yesterday and the share price jumped, this flowed into Asia's trading today and again now back to the PM in the US

We have a very strong jump from $80 to $117 now, without any strong pull back and now comfortably above the 200 WMA with the HSI.

I suspect the blue line at $121.75 will offer some resistance, so I have aligned the Fib levels to consider that this may be a position where a pull back comes next

We can see that the 0.38 Fib at $105 aligns with the 200 WMA too, so this would be an ideal level to retest and hold, in order for many to add again.

1.618 Fib is still at $164 for Wave 3 and the 2.618 Fib is at $215 for Wave 5, so no changes.