In my personal opinion I am very Bullish in NYSE:BABA stock for many reasons The Main reason is the financial Numbers are very good and it is considered one of the cheapest stocks in the World now So it is a good chance to buy more shares with such low price
In TA view it has already broke out the Parallel Down trend channel on an Important Support zone On daily time frame and it has retested the support zone and price started to go up. My Entry zone is between 89 - 92 and the mid term ( 4-8 months ) target is 135
What Do you think about NYSE:BABA in the coming days
Trade active
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Even though it made a lower Low and Lower high ( it was a sign closing positions ) but fundamentally and financially it is a strong company so i didn't close my positions and I have bought more ( it is a big chance to buy more shares with big Discount )