outbreeak

Alibaba (BABA) fireproof

Long
BATS:BABA   Alibaba Group Holdings Ltd.
Alibaba has been battered since the real estate market and China's economy in general took a hit. MFI (RSI+Volume) and MACD showing some divergence in the monthly chart, showed in the arrows. The price is below the key VPVR price and in a support zone (white area). If you like the business, this seems like a good time to buy.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.