Alibaba Long term Analysis

We can see a pretty hurt #BABA stock due to all fear in the markets with China and the war, for long-term traders, this could represent a good opportunity. I try to make the chart as clear as possible, remember that this is for long-term trades, right now there´s a lot of volatility in the markets. With that scope in mind and because of volatility, the SL is extended to -34%, so manage your entry position size well. In their fundamentals, BABA is undervalued.
Remembering that resistance areas become support areas when the chart moves positive, I recommend moving your SL with these new support levels and managing your exits as comfortably as you need them to be.