BABA in upward-sloping channel
Pullback to the bottom of the channel could afford a buying opportunity. This one's nice because it's a China stock, so it isn't vulnerable to the Fed rate cut decision like US stocks are. Due to the nature of its business model, it's also likely to be more resilient to trade war concerns than many other China stocks.
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.