BABA @ Long Term Support

AwesomeAvani Updated   
NYSE:BABA   Alibaba Group Holdings Ltd.
On the 4H Chart, BABA is sitting in the the demand zone at a double bottom retest. Earnings

two weeks ago beat expectations. Fundamentally, China is holding interest rates down and

may even decrease their prime rate. Domestically, chaos continues with more rate increases

possible and the debt ceiling issue impending resolution versus diseaster. I see trading and

investing in foreign based intruments such as BABA , NIO along with ETFs diversified into

China, Europe, Korea Japan and maybe others to be a useful means to diversify risk. I will take

a long trade in BABA because I believe it will rise from its usual bottom.
Trade active:
The idea is validated with more than 6% price rise and call options 45% higher.

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