Alibaba Group Holdings Ltd.
Long
Aktualisiert

BABA - ready for a trend reversal

1 388
hi traders,

Let's have a look at the BABA chart on the 1D time frame.
After a massive rally, BABA experienced a deep pullback, but it looks like it might be time to load up on BABA again.
BABA is still in our buy zone but we're expecting the trend reversal soon.
Probably US market will experience some sort of pullback in its bull market and in this period we're expecting China market to have a nice recovery.

Our targets for BABA:
Target 1: 107 $
Target 2: 117$

We're expecting other Chinese stocks to perform well too . Check NIO stock here:
NIO - we're bullish on China


Good luck
Trade ist aktiv
BABA exited our buy zone. we are bullish on China in the next few weeks
Anmerkung
The last days to load up on cheap BABA stock. Don't miss out.
Anmerkung
The market gave us a lot of time to buy cheap BABA. Let's pump it hard!
Trade geschlossen: Ziel wurde erreicht
Well well well. All targets reached.

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