Our mission is to help you obtain financial freedom. Checkout Our Youtube Channel Checkout Our Youtube Channel

$BABA 300%+ Investment Opportunity

China injected $112 billion into their economy to revive economic growth

I think Chinese stocks are extremely undervalued due to China’s deflationary economic environment and Biden’s trade restrictions of AI chips to China.

$BABA is finally starting to show some bullishness in the buy zone, I see this as a 300%+ trade opportunity towards all time high. But it will take some time to play out, these are monthly candles.

BABA is currently within my buy zone and is starting to show some bullishness. The price is near the lows of the monthly Bollinger Bands, which is favorable for a long trade setup. The price is also significantly below the EMA ribbon, which is also favorable for opening a long. 

Price targets: 
The white trendlines are my key resistance levels on the way up, and the EMA ribbon has also been acting as resistance that has pushed BABA’s price lower. I think the EMA ribbon will act as a resistance zone for BABA on the way up as well.

Inline Feedbacks
View all comments

More ClearValue Insights

Default Thumbnail

Bond Market Possible Prospects and Pitfalls

Exploring the bond market this year offers both promising prospects and potential pitfalls. Insights from Payden & Rygel provide valuable guidance on where investors might find hidden gems. Imagine this: Bonds from lower-quality U.S. companies shine bright, promising attractive returns ahead. Why? Well, it seems the U.S. economy is expected to fare better than Europe’s. […]

Read More
Default Thumbnail

Historical Patterns Suggest Possible Surge in Stocks and 401(k) If Fed Pauses Rate Hikes

Although there is still some uncertainty about the Federal Reserve concluding its aggressive campaign to raise interest rates, a potential shift in the Fed’s strategy could offer a favorable outlook for the stock market and individual retirement savings plans, like the 401(k). Let’s remember that as rates increase, the cost of borrowing typically increases, affecting […]

Read More
Default Thumbnail

NASDAQ Annual Rebalance Introduces New Stocks While Adjusting for Market Concentration

The December quarterly rebalance for NASDAQ is set to take place on Friday December 15, 2023. The rebalance will introduce new stocks and the exit of some underperforming stocks. . Implications for Index Funds and ETFs . Trading and Market Impact . Market Concentration Concerns . Sector-Specific Adjustments . Looking Ahead .

Read More