$BABA: BUY when everyone is fearful. Risk lovers only.

$BABA has been battered down in the past weeks due to the trade war escalating. But fear not, we now get to buy an A1 company at a discount. I see this as an opportunity seeing that business is still rapidly growing; shown in the May 15th/19 earnings report. With the trade war being the only reason for $BABA's sell off, we will soar to new highs once this trade dispute gets resolved.

How to trade this:
- ONLY buy after confirmation of the support in the smaller time frames.
- Have a tight stop loss.
- If stop loss is hit, wait for the next confirmation at the 2nd support.
- BE PATIENT!

Only trade $BABA if you have an apatite for risk.
Trade analysis, not a financial advice.

Comment:

$BABA failed to make a support @ $160. Watch second support to be formed before entering.