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