Technicals are Great
$Alibaba (BABA.US)$On a short-term basis, it is worth mentioning that technicals for the stock look very compelling.
Alibaba stock formed a bottom at the beginning of October, and it has since rallied over 10%. The stock began to trade over its 50-day MA and we saw the magi cross with the 200 days MA take place on the 7th of October. As I write this, the stock is down for the day and hovering just above the support region at $172. Holding this support is key, and could set up the next big rally. With the RSI showing oversold conditions, this could be a great spot to open a trade with a tight stop or simply add more to your position.
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Geminiasianboi : LONG
$500 by 2025
ALL In baby!
Agreed, just have to buy and be patient for next 1-2 years
woodfill Geminiasianboi : Last year, Single’s Day generated $115 billion! It’s coming up on November 11. I don’t want to take a chance sitting this one out.
Handy_ : Now start adding up!