Much needed break for $BABA on the horizon

22 juil.

I took a much needed break but not as long as BABA has taken since 2021; swinging between ~$70 and ~$120 over the past six years.
I strongly suspect that this might have something to do with Jack Ma's speech in late 2024 that made him go 'missing' from public view
- https://www.wired.com/story/jack-ma-disappear-ant-group-ipo?utm_source=chatgpt.com.

The stock has formed a multi-year rounded bottom (cup) followed by a handle formation, a classic bullish reversal pattern. Price is currently consolidating just below the ~$123 resistance with a potential target of $143 - $170 if this breaks resistance.
I will hedge my bets on a bullish run and find support around $107 - $109 if the breakout is rejected.

BABA is currently trading above the 50 and 200-week EMA and I see a potential golden cross forming in the coming days.

U.S - China relations still proves challenging but with earnings on the horizon I am optimistic that it will be the catalyst for this breakout.

28 juil.

Transaction en cours

💼 Position
Type: BABA $150 Call
Expiry: SEP 05, 2025
Average Cost Basis: $1.2
Date Purchased: July 28 2025
Total % Gain/Loss: -10%

13 août

Note

Baba just broke out of the falling channel yesterday providing a break even on my trade.
There seems to be some confusion on when BABA will have its earnings call, either 14 August or 21 August.
Either way, this setup is not tied to earnings - though significant earnings report could boost or tank the setup.

I will wager a bullish run to ~$134 , slight pull back then continued strength as the market catches on.
Lets see how this plays out.