BABA Analysis
Updated
BABA appears to be consolidating after a nice run up. Waiting to see if this goes near it's trend line and see how it reacts. Assuming it will continue to rise as the company is profitable.
Note
BABA did come back naer the trend line but I was not willing to buy after the whole market sell off. I am still waiting to see what happens when the 10YR bond rate hits 3% which looks very soon. I am not convinced the market will not sell off one more time.
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