Upside: BABA buy at $266.08 with profit target of $319.30

Don't mind the China and the US dispute that is going on? BABA could be an opportunity for you. BABA has been consolidating since 07/17 and has shown low volume within the base. There is also a 3 weeks tight from 07/24-08/07 with low volume, which makes this even more attractive. The buy point would be $268.1 with a 7% stop loss of 249.33. The 20% profit target is 321.72. We shall see how this stock does in the coming weeks.