Long Term Buy for Alibaba

Updated
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.
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Currently at $185 level
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$184 has shown to have been a good buy area after today.
Currently $194
Trend Analysis

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