BABA stock is breaking out the down trend channel

In my personal opinion I am very Bullish in BABA stock for many reasons
The Main reason is the financial Numbers are very good and it is considered
one of the cheapest stocks in the World now So it is a good chance to buy more
shares with such low price

In TA view it has already broke out the Parallel Down trend channel on an Important Support zone On daily time frame
and it has retested the support zone and price started to go up.
My Entry zone is between 89 - 92 and the mid term ( 4-8 months ) target is 135

What Do you think about BABA in the coming days

עסקה פעילה:

Even though it made a lower Low and Lower high ( it was a sign closing positions ) but fundamentally and financially it is a strong company so i didn't close my positions and I have bought more ( it is a big chance to buy more shares with big Discount )

One Of the Largest Position In my Portfolio