Long

Great Long Opportunity on BABA

Updated

Great Long Opportunity on , but wait and see if VMC green buy indicator keep showing at the end of the month!
Potential 150% gains if BABA reach ATH!

**I think is a great mid-long term hold although there is "delisting risk" with the chinese stocks on NYSE**

https://www.tradingview.com/chart/9EJXCRVa/

Note

Comment: In addition Charlie Munger In a Tuesday 4 January 2022 filing with the Securities and Exchange Commission, it was revealed that Munger’s firm nearly doubled its stake in Chinese ecommerce gorilla Alibaba Group to 602,060 shares — an investment worth roughly $71.5 million.

finance.yahoo.com/news/charlie-munger-just-doubled-bet-161500927.html

Note

If you put Fibonacci Retracement from the all time low of 57.20 and the all time high of 319.32. Price now bouncing of the 0.786 Fib number, if price close above 113.29 and VMC green buy appear at the end of the month you can consider Long on BABA.

ibb.co/c2bsFz0

setanimut

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