Alibaba Group Holdings Ltd.Updated Baba Could be a great long here, or a possible short
What is baba?
Alibaba Group Holding Limited, through its subsidiaries, provides online and mobile commerce businesses in the People's Republic of China and internationally.
It operates in four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others.
Alibaba has been dropping due to possible accounting law being pass to make china stocks more transparent or get delisted.
however, if that fails to pass. This could bounce.
Could be a great long, or if it breaks $198, Yikessssss
Long entry $199
Stoploss $197
Target $206
Alibaba Group Holding Limited, through its subsidiaries, provides online and mobile commerce businesses in the People's Republic of China and internationally.
It operates in four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others.
Alibaba has been dropping due to possible accounting law being pass to make china stocks more transparent or get delisted.
however, if that fails to pass. This could bounce.
Could be a great long, or if it breaks $198, Yikessssss
Long entry $199
Stoploss $197
Target $206
Note
Perfect trade, it hit $206 and started rejecting.
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If you appreciate my technical analysis and want to check out our
Free Newsletter --> diywallst.com/
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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.