Alibaba Group Holdings Ltd.
Long
Updated

Buy BABA Because It's in the 165-175 Support Zone.

229
As you can see in the chart, BABA has seen aggressive buying whenever it reaches the 165-175 support zone.

Trade Idea: Place a stop just below 165, and a profit exit near the 190-195 zone.

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Note
Price action looking good, we could see a bounce to close this week off.

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