BABA Long position
Alibaba had surprising Q results and great EPS. Took a drop due to USA-CHINA tensions. Company is considered "Undervalued" as fair value by analysts. Hitting now the trendline. Is on the middle of the rising channel. Possible rise from this point with 230 level target or the stock may also drop if tensions rises to the bottom of the weekly timeframe channel, around the 180/190 level.
Order cancelled
Top much volatility due to tensions.Until Alibaba presents a declaration about China nota holding the company, os top risky.
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.
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.