Alibaba | BABA | Long at $130.50
By:TradingView
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Alibaba BABA has followed a fairly predictable wave pattern lately. Both of my past calls (long at $80 and long at $108) have generated successful returns. The write-up in those past calls explain the overall reasoning for the investment, but the caution here lies in US-China relations and US sentiment toward Chinese equities. I think much of this "tension" is overblown by political and media rhetoric, but you never know when the delisting discussion will begin for Chinese equities. Regardless, I'm going to push my luck here and reenter BABA for the third time and start a position at $130.50. Additional entries planned near $110.00 if the stock falls that low in the near-term.
Targets into 2029
Targets into 2029
- $180.00 (+37.9%)
- $220.00 (+68.6%)
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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