Context
- Weekly and daily timeframes
- Multi-year base already completed
- Prior impulsive advance followed by a controlled Wave 4 retracement
- Breakout confirmed last week
What I see
- Wave 4 pullback resolved cleanly
- Breakout last week confirmed the end of the corrective phase
- Price has advanced +20% from the breakout area in the last two weeks
- Momentum accelerated after price rejected a pullback toward the breakout zone
- Yesterday’s near +4% close and strong pre-market action signal continued demand
- Structure is now consistent with an active Wave 5 advance
What matters now
- The 50-day MA and former breakout area near $156 should now act as support
- Holding above this level keeps the impulsive structure intact
- Next resistance sits at the prior Wave 3 high around $192
- A clean break above $192 confirms Wave 4 completion beyond doubt
Buy / Accumulation zone
- Initial breakout already played
- Ideal adds come only on controlled pullbacks toward support
- Risk remains clearly defined against the recent higher low
Targets
- Wave 5 target remains the $230 area
- This level aligns with the next major upside reference within the broader reversal
Portfolio note
-
BABA currently represents ~3% of my portfolio
- Comfortable holding this position into 2026
- Acts as a solid diversification hedge versus the US market
- Weekly and daily timeframes
- Multi-year base already completed
- Prior impulsive advance followed by a controlled Wave 4 retracement
- Breakout confirmed last week
What I see
- Wave 4 pullback resolved cleanly
- Breakout last week confirmed the end of the corrective phase
- Price has advanced +20% from the breakout area in the last two weeks
- Momentum accelerated after price rejected a pullback toward the breakout zone
- Yesterday’s near +4% close and strong pre-market action signal continued demand
- Structure is now consistent with an active Wave 5 advance
What matters now
- The 50-day MA and former breakout area near $156 should now act as support
- Holding above this level keeps the impulsive structure intact
- Next resistance sits at the prior Wave 3 high around $192
- A clean break above $192 confirms Wave 4 completion beyond doubt
Buy / Accumulation zone
- Initial breakout already played
- Ideal adds come only on controlled pullbacks toward support
- Risk remains clearly defined against the recent higher low
Targets
- Wave 5 target remains the $230 area
- This level aligns with the next major upside reference within the broader reversal
Portfolio note
-
BABA currently represents ~3% of my portfolio- Comfortable holding this position into 2026
- Acts as a solid diversification hedge versus the US market
Long term investor. Open portfolio and full thesis on eToro: etoro.com/people/maratteo
Verbundene Veröffentlichungen
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Long term investor. Open portfolio and full thesis on eToro: etoro.com/people/maratteo
Verbundene Veröffentlichungen
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.