Bullishcharts

$BABA Investors hoping for a Biden Win ?

NYSE:BABA   Alibaba Group Holdings Ltd.

Potential long setup on the reclaim of the 7ma.
Some caution required as we are approaching a very contentious election,
where China will be front and center of Mr. Trumps tweets.
Ramblings this week about ANT Financial did not help BABA's attempted breakout.
Day trade possible to $310, but safer entry on the next breakout, with $340-$350 as target range.
Many investors are banking on a Biden win leading to a truce with China and improved relations.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.