Thesis
BABA, after multi year base, is completing an intermediate corrective phase within a broader bullish reversal structure.
Context
- Weekly timeframe
- Multi-year base completed
- Price trading above key long-term levels
What I see
- Impulsive advance followed by a controlled pullback
- Structure suggests intermediate wave (4) nearing completion
- Pullback is respecting prior breakout area
- Pullback is holding rising moving-average support
- Consolidation is forming above former resistance
What matters now
- Structure remains constructive while the recent higher low holds
- Resolution of consolidation should define the next directional leg
Buy / Accumulation zone
- Current pullback range aligned with wave (4) retracement
Targets
- Intermediate upside reference near the $230 area
BABA, after multi year base, is completing an intermediate corrective phase within a broader bullish reversal structure.
Context
- Weekly timeframe
- Multi-year base completed
- Price trading above key long-term levels
What I see
- Impulsive advance followed by a controlled pullback
- Structure suggests intermediate wave (4) nearing completion
- Pullback is respecting prior breakout area
- Pullback is holding rising moving-average support
- Consolidation is forming above former resistance
What matters now
- Structure remains constructive while the recent higher low holds
- Resolution of consolidation should define the next directional leg
Buy / Accumulation zone
- Current pullback range aligned with wave (4) retracement
Targets
- Intermediate upside reference near the $230 area
Long term investor. Open portfolio and full thesis on eToro: etoro.com/people/maratteo
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Long term investor. Open portfolio and full thesis on eToro: etoro.com/people/maratteo
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.