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Making a case for Long $BABA

NYSE:BABA   Alibaba Group Holdings Ltd.
With the current climate in China, NYSE:BABA continues to take a beating. The age-old question is - is it time to get in, or is it a falling knife? There are a couple reasons why I think NYSE:BABA will be a win in the medium to long term.

1. Singles day is in November, and if Prime Day from NYSE:AMZN was any indication, this will once again be a massive boost to sales for NYSE:BABA . The resulting news of sales numbers on singles day should give a good bump up.

2. The US election debates; yes I am going to go there. You can bet that the Democrats will come out in full force stating that the China tariffs are a terrible idea (there is no way they would agree with anything Trump implemented!) I am making the assumption that the following will likely happen: The democrats denounce the tariffs, and say that they will abolish them if elected, next - news will spread that the democrats have a shot at taking the presidency from Trump (whether you believe it or not, there WILL be a time period where this message gets pushed by media), in the wake of a sentiment that Chinese tariffs will be lifted, these Chinese stocks will get another good run up.

I think the key exit point for this trade is BEFORE the actual election. If Trump wins a second term, then any run up prior to the election based on a possible Democratic presidency will likely get washed right out. The other "Win" to this trade is that, if Trump manages to come to an agreement with China prior to the elections, which may be a wise move on his part to get the votes of the rural American farmers taking a beating from these tariffs, then that is still likely to give the Chinese stocks a good bump up!

I would love to discuss more with everyone, please feel free to join a free real-time interactive community live-stream at Stockzilla-Community on mixer.com!
Would it be possible to update your BABA chart circa 8/8/'19 to current? Thank you for your kind consideration!
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@fastcars1024, I just updated - cheers!
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fastcars1024 fastcars1024
@fastcars1024, Thank you!
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just from yesterday 170C brought me over 1000%!
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@tradersam253, great work!
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Very nice 200er MA.
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