SEHK 9988 ALIBABA - Long term winner in your stock portfolio!
Updated
Merry Christmas everyone! With holidays just right around the corner, trading activity has slowed down with most people taking leave - so has mine too. I have taken most of my profits and achieved a total return of 48% this year. Will be taking the next two weeks off to rest and reflect on my trades this year but not without leaving everyone with a long term play that is a good entry right now.
BABA is a long term play with recent price action holding strong at the $246 - $248 level. Technical indicators are looking to turn bullish from oversold conditions which means its high time to get in before the stock takes off again. I personally have 300 shares bought as these levels for a long term hold into the end of next year.
BABA is a long term play with recent price action holding strong at the $246 - $248 level. Technical indicators are looking to turn bullish from oversold conditions which means its high time to get in before the stock takes off again. I personally have 300 shares bought as these levels for a long term hold into the end of next year.
Note
Bought even more when news of the monopoly probe broke out. 9988 is a steal for your long term portfolio!!!
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.