Symbio_X

Alibaba - Longterm Entry

Symbio_X Updated   
NYSE:BABA   Alibaba Group Holdings Ltd.
Not recommending to short this. But i will definitely open buy orders at this range if we go down there for real. Im not a fan of the alibaba shop as it pretty much sucks in comparison to amazon´s website. But in case alibaba makes some changes anytime soon, for example some options to filter searches etc, this may be a good longterm entry.
Comment:
The idea is basically to "bet" on that there will be a longterm channel building up (Chart is rather new, so its new lands)
Buy zone for me is from 148-170USD and to hold it longterm
(or atleast a nice Swingtrade over some months)
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