Don't mind the China and the US dispute that is going on? BABA could be an opportunity for you. BABA has been consolidating since 07/17 and has shown low volume within the base. There is also a 3 weeks tight from 07/24-08/07 with low volume, which makes this even more attractive. The buy point would be $268.1 with a 7% stop loss of 249.33. The 20% profit target is 321.72. We shall see how this stock does in the coming weeks.
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All ideas are for information purposes only. I may or may not invest in the stocks discussed.
All ideas are for information purposes only. I may or may not invest in the stocks discussed.
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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.
Learn more on Stocks Over Coffee Podcast
All ideas are for information purposes only. I may or may not invest in the stocks discussed.
All ideas are for information purposes only. I may or may not invest in the stocks discussed.
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.