Alibaba Group Holdings Ltd.
Panjang
Telah dikemas kini

$BABA: BUY when everyone is fearful. Risk lovers only.

731
BABA has been battered down in the past weeks due to the trade war escalating. But fear not, we now get to buy an A1 company at a discount. I see this as an opportunity seeing that business is still rapidly growing; shown in the May 15th/19 earnings report. With the trade war being the only reason for BABA's sell off, we will soar to new highs once this trade dispute gets resolved.

How to trade this:
- ONLY buy after confirmation of the support in the smaller time frames.
- Have a tight stop loss.
- If stop loss is hit, wait for the next confirmation at the 2nd support.
- BE PATIENT!

Only trade BABA if you have an apatite for risk.
Trade analysis, not a financial advice.


Nota
BABA failed to make a support @ $160. Watch second support to be formed before entering.

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.