BABA has held up remarkably well during the steep QQQ decline. Our Buy Signal from Feb 12th has held up as well, with triple digit returns still showing for the April $130C: BABA Daily The target for wave 5 remains $175, which would take the $130C up close to 10X from entry. New buyers should look for a breakout above the Wave 3 highs, above $145 to establish new positions. For Speculators Only The main trend of the market still looks down, but there is an FOMC meeting next week and a short, but sweet, Fed induced jawbone rally is possible.
