Merry Christmas everyone! With holidays just right around the corner, trading activity has slowed down with most people taking leave - so has mine too. I have taken most of my profits and achieved a total return of 48% this year. Will be taking the next two weeks off to rest and reflect on my trades this year but not without leaving everyone with a long term play that is a good entry right now.
BABA is a long term play with recent price action holding strong at the $246 - $248 level. Technical indicators are looking to turn bullish from oversold conditions which means its high time to get in before the stock takes off again. I personally have 300 shares bought as these levels for a long term hold into the end of next year.