Power Plays New Idea: BABA
March 5, 2025
By Scott Redler
Name: Alibaba
Ticker: BABA
Price: $138.50
Needs to Hold: $115 to $126
Price Objective 1: N/A
Price Objective 2: N/A
Alibaba (BABA) is setting up strong here for a rally back to the highs.
So I'm adding it to Power Plays here.
If it gets over the $145 area, it could accelerate much higher.
I don't think China is done this year, and I expect BABA to lead again.
-Scott
Scott Redler Positions Disclosure as of 2025-03-05 at 10.47.44 AM