Long Term Buy for Alibaba
I identified a long term trend that has held nicely. Given recent market instability and volatility this gives an opportunity to buy this stock at a discount. $180-183 buy area for a long term hold. If $180 doesn't hold then I would take a wait and see approach.
Note
Currently at $185 levelNote
$184 has shown to have been a good buy area after today.Currently $194
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.