Alibaba, BABA, is always a buy for me when the stock hits 70 to 72. BABA is a good Chinese stock play as it is the Amazon, AMZN, of China, if not better.
The past few trading sessions saw BABA prices fluctuating bewteen 70 to 76. I would always watch for the price to come down to the low 70s and then scalped off profits as it curls up. Tis stock does have good momentum and day trading for profits is possible. When the price hits 70 and below, I would buy up for my long term account as BABA would rise when good times return for sure. Meanwhile, do buy on the dips and play along as price creeps up and scalp for profits.
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