BABA: New CEO at the helm, valuation isn't bad

I'm watching $BABA for an upside breakout of 179.88, which could trigger an explosive rally in the stock. Today wouldn't be a bad long entry here, with a wide stop at 163.96, but once the breakout happens, another trade with a stop at 171.43 can be placed...Upside targets are up to 276 in the long term.

Best of luck,

Ivan Labrie.

Kommentar:

Added after the dip following the initial breakout. Average is 177.8

Trade ist aktiv

Kommentar:

Constructive...