China is attractive for investment again!

Alibaba
Ticker: 9988 or BABA

Entry price: 89 HGS$
Short term target: $120
Medium term target: $171
Long term target: $205
Potential return per trade: up to 125%
Volume per trade: up to 3-4% of the portfolio

🛡 It is better to hold this stock for the medium term, and use the drawdown to increase the position.

❗️Risk Level: Medium

Alibaba shares have been under pressure since November 2020.
During this period, the shares fell -72% from the maximum, although the company itself has not lost its profitability and still has a significant market share in the Chinese market.
The Chinese government made a big contribution to the fall, which strangled the company with fines and did not allow an IPO.
But now this negative has come to naught and now the road up is open for the stock 📈

According to technical analysis, the stock gives the first signals for a medium-term trend reversal.
Now the paper is at the border of the long-term ascending channel.
If it breaks through, we can expect a fairly fast and impulsive growth, which should not stagnate, but rather gain strength ⚡️

But if you want to find more ideas in great companies with high growth potential, welcome to the profile 🎩