$BABA | Allocation & Watchlist | Market Exec & Buy Stops |

8월 12일

Technical Confluences:
- Price action has been consolidating between a Wedge pattern
- Price action is at a Demand Zone of all-time lows
- Price is starting to slowly break above the 200MA
- A break above the resistance trendline (been a good support/resistance TL) would be a significant move.

Fundamental Confluences:
- Considerably cheap valuations
- Still one of the largest e-commerce players, don't see it dropping it off anytime soon
- China's economy has been weakening and we are seeing efforts by the China government to help boost back the domestic economy. Potential for revenue boost.
________________________________

Putting in my first tranche of BABA allocation for my Long-Term portfolio.

Gonna be holding this share for years and will continue adding position with Buy Stop orders.

Remember, DYOR.
________________________________

Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated!

If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies.

If you want something analyzed, do drop me a DM. :D

________________________________

Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks. DYOR.