$BABA china fights to boost economic growth 👁🗨
Updated
*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
Today my team purchased shares of Chinese online and mobile commerce company Alibaba
BABA at $88 per share. Our take profit is $118, which is a 34% increase from current levels.
The Chinese economy is desperately in need of a boost. A cut on lending rates is expected to be announced tomorrow. This will boost credit demand and take some weight off of the economic slowdown due to COVID-19 interference.
Good luck to all!
Our Entry: $88
Take Profit: $118
If you want to see more, please like and follow us SimplyShowMeTheMoney
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
Today my team purchased shares of Chinese online and mobile commerce company Alibaba
BABA at $88 per share. Our take profit is $118, which is a 34% increase from current levels.The Chinese economy is desperately in need of a boost. A cut on lending rates is expected to be announced tomorrow. This will boost credit demand and take some weight off of the economic slowdown due to COVID-19 interference.
Good luck to all!
Our Entry: $88
Take Profit: $118
If you want to see more, please like and follow us SimplyShowMeTheMoney
Comment
My team is prepared for a dip down into the $73-$80 range. Potential 2nd entry incoming!
Comment
We have sold 1/2 of our shares at $117
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