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IvanLabrie

BABA: New CEO at the helm, valuation isn't bad

Long
Alibaba Group Holdings Ltd. (NYSE:BABA)  
IvanLabrie Updated   
NYSE:BABA   Alibaba Group Holdings Ltd.
Trend Analysis Chart Patterns Beyond Technical Analysis BABA jackma timeatmode rgmov keyhiddenlevels
6
0
trendanalysis chartpattern beyondta baba jackma timeatmode rgmov keyhiddenlevels
I'm watching $BABA for an upside breakout of 179.88, which could trigger an explosive rally in the stock. Today wouldn't be a bad long entry here, with a wide stop at 163.96, but once the breakout happens, another trade with a stop at 171.43 can be placed...Upside targets are up to 276 in the long term.

Best of luck,

Ivan Labrie.
Comment:
snapshot
Added after the dip following the initial breakout. Average is 177.8
Trade active
Comment:
snapshot

Constructive...
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