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
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Long term investor. Open portfolio and full thesis on eToro: etoro.com/people/maratteo
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.