Alibaba Group Holding Ltd.
Long

BABA - Are we rising this time?

710
-China, oh man, they are just doing their best to keep their local businesses bleed while everyone else is focused on recovery and supporting as much as possible till January (upcoming tapering).

-Electricity Shortages, Increased trade war tariffs on U.S import / exports and non ending courts with local businesses is driving the economy to the lowest lows.

-Let's see if the good old poor Baba will be able to find a support this time. With the increased attention on BABA's low prices in Wall St., we may expect a big purchase any time now.

-First target to break the bearish movement would be a rise to the previous high standing at $180.

Aviso legal

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