$BABA TOP 10 & TOP 20
Added 2025-05-16 12:28:33 +0000 UTCAfter $BABA 's reaction post ER yesterday morning, the share price pulled back to $122 and held above the blue support line we spoke about in yesterday's update.
Price has bounced to $126 in the PM now too which brings the price action above the 50 Day MA again, meaning the price is back above all important MA's again.
Sustained strength today will be a healthy sight and finishing green for the day and week will be welcomed.
A number of superinvestors reduced their holdings in Chinese ADR's but they also did the same with US Mega Caps too, Tepper for example was adding heavy last summer, so he would have made close to +100% on his $BABA position by Q1....so trimming does make sense for his fund.
Comments
They also probably did not know how the Tariffs would play out, so de-risking!
DiegoTheSabre17
2025-05-16 14:42:02 +0000 UTC
