Stock to Watch for 2021. Alibaba
Stock to Watch for 2021. #Alibaba #BABA 
BABA
The best time to buy Tesla stocks was when the SEC announced they were suing Tesla CEO Elon Musk on Thursday, Sept. 27, 2018.
Looking at the chart, Tesla was at $52.95... right now $661.77.
Alibaba shares are down 33% since China targets Alibaba with the anti-monopoly investigation.
Could we see a similar stock performance for Alibaba? What's the price ofBABA in 2 years' time?
For me, it is 100% buy for long term investors.
However, if we buy now it would consider catching a falling knife and I do expect more downside to come or at least 1 more big sell-off toward the moving average line.
Also, by looking at previous chart patterns we need to see a W bottom to form in order to confirm momentum reversal and that Alibaba is heading back up.
Therefore, here is what I would like to see from Alibaba at the start of 2021.
What stocks are you watching?
BABAThe best time to buy Tesla stocks was when the SEC announced they were suing Tesla CEO Elon Musk on Thursday, Sept. 27, 2018.
Looking at the chart, Tesla was at $52.95... right now $661.77.
Alibaba shares are down 33% since China targets Alibaba with the anti-monopoly investigation.
Could we see a similar stock performance for Alibaba? What's the price of
BABA in 2 years' time? For me, it is 100% buy for long term investors.
However, if we buy now it would consider catching a falling knife and I do expect more downside to come or at least 1 more big sell-off toward the moving average line.
Also, by looking at previous chart patterns we need to see a W bottom to form in order to confirm momentum reversal and that Alibaba is heading back up.
Therefore, here is what I would like to see from Alibaba at the start of 2021.
What stocks are you watching?
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