Simple play BABA

6 בדצמ׳ 2021

"The chart speaketh for itselfth" ~ Sir Michaele Tython the great derithative thrader

You can see we touched trendline, presuming a nice bounce, Alibaba is a behemoth in China, CCP won't let it fail, Fundamentally sound and strong. Watched a Video on VIES structure featuring Chamath, it's pretty funny and good but this would also be a good swing trade play. Of course we'll never know the company inside out but it's at x2 it's BV, so a good chance it will find very strong buyers if it drops to 100$.

RSI oversold, notice the 2 year cycle? It's gonna be an interesting 2 years that's for sure. Taking a long position, and by long I mean schlong.

Worst case scenario it gets delisted but that is highly irrational, given the amount of US investors like Munger who love this.

(Disclaimer, not financial advice, just a bit of fundamentals mixed with technicals)

BABA