Alibaba 
BABA has followed a fairly predictable wave pattern lately. Both of my past calls (long at $80 and long at $108) have generated successful returns. The write-up in those past calls explain the overall reasoning for the investment, but the caution here lies in US-China relations and US sentiment toward Chinese equities. I think much of this "tension" is overblown by political and media rhetoric, but you never know when the delisting discussion will begin for Chinese equities. Regardless, I'm going to push my luck here and reenter BABA for the third time and start a position at $130.50. Additional entries planned near $110.00 if the stock falls that low in the near-term.
Targets into 2029
BABA has followed a fairly predictable wave pattern lately. Both of my past calls (long at $80 and long at $108) have generated successful returns. The write-up in those past calls explain the overall reasoning for the investment, but the caution here lies in US-China relations and US sentiment toward Chinese equities. I think much of this "tension" is overblown by political and media rhetoric, but you never know when the delisting discussion will begin for Chinese equities. Regardless, I'm going to push my luck here and reenter BABA for the third time and start a position at $130.50. Additional entries planned near $110.00 if the stock falls that low in the near-term.Targets into 2029
- $180.00 (+37.9%)
- $220.00 (+68.6%)
Nota
Added a significant position at $95.00 for a cost average of $108.56.
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If you enjoy this idea, please follow for more: tradingview.com/u/WorthlessViews/
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.