BABA LONG

BABA recently a series of bad news that make the share price of ALIBABA drastically.

From technical point of view, the share price drop & tested the lows of 6/2020 and in $213 area shows a significant level of support for trnedline and S&D traders.
After 2 weeks of consolidation in the demand area, today i started showing buyer power to push the price.
My view is to long BABA and take the swing to wait the share price back to previous high.
Trend Analysis

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