✅ALIBABA is trading in a downtrend Following the company's falling out of favor With the Chinese Government And fueled further by the Coming Evergrande collapse That will drag China down with it Today, the stock gapped and fell even lower On the earnings news However, a massive support level is ahead At around 128$ per share, and I think This might be a great local long With the upside limited by the falling resistance Also, with the stock trading with 60% discount It might be a good place to start adding BABA to your long term portfolio As it is clear that whatever economic storm is coming Alibaba will be the one candidate to survive it LONG🚀
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