BABA seems to be able to take off. It is set up perfectly on the Ichimoku Cloud and does not look overbought or sold either. Long seems to be a good option as China has just started reopening its economy and this stock will likely do very well in the coming days compared to US stocks. Note
Just wanted to add that it just passed the 1 fib line, a major resistance area, so the stock looks ready for some long term growth
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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.