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Alibaba Group Holdings Ltd.
Long
Updated

Highest Probability trade you'll see this week (BABA)

298
Highest probability trade you'll see this week.

snapshot

(Opinion Only)
Trade active
Got wrapped into everything else selling.
Earnings Thursday pre-market.
FWD P/E is now 19.74 (extreme value here)
Long-term hold.
Note
Updated Chart:
snapshot
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Further out:
snapshot
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Precarious area with earnings week and overall market sentiment turning.
I remain a steadfast bull on BABA in the muck of the rest of this market though.

snapshot
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No likes on this thread yet as of 6PM CST on 5/10/21.

But let this breakout of a short-squeeze on Thursday to $265 and all hell will break loose lol
StockPickingEnthusiast
BABAChart PatternsFXITrend Analysis

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
BABAChart PatternsFXITrend Analysis
StockPickingEnthusiast

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.