shaxrashid

#Alibaba Comeback Story

Long
NYSE:BABA   Alibaba Group Holdings Ltd.
at this point #alibaba looks one of the better stocks to gamble in the NYSE. stock is 60% down from the Top. has hit a resistance level just yesterday and might be looking for a small bounce from here. the Ideal scenario for me is if the stock just dives down further towards 90/100 Area that is a major major resistance area and will make a huge comeback from that point. stock is oversold and continues to do so. wouldn't be surprised to see some quick up swings from this point. however for long term traders buying at 140 is a good area and can average out at 100 if it drops further. the long term upside looks 300+ to me from here. some patience on the ongoing china crack down drama can pay well.

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