BABA - Yet Another Great Market DishThe markets are dishing up great buys for those with eyes to see.
Have been watching this one a long time and the bear market was a classic Elliott Wave 1:1.618:1 which revealed the impulsive SC Selling Climax low.
The first clue that the accumulation was entering the end phase was moving out of the Pitchfork that has held price for so long.
We have made out first entries upon the first weekly candle close outside of the Pitchfork outer warning line.
Now this is breaking out, this will likely go on to engulf the previous high as it moves through a lucrative bull market.
Could yet see a pull back as it is still well within the larger AR Automatic Rally accumulative range and if it does we'll be looking to buy the dip at a significant landmark.
Not advice.