BABA has been in a downtrend all year 2021. while this has being disappointing to investors, its also the one in 4 years opportunity to buy into this Chinese retail leader at these prices.I mean 140 $ -160 is your buy zone. it will never be this cheap for a long time.
HARD SUPPORT is at I40$ and that represents the new foundation for this moon shoot. This is a long term play so allocate capital judiciously.
TAKE PROFIT zones should be about 210-220 and 260- 280.
GOODLUCK!!
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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.