Upcoming Weeks

Trading Strategy: Buy the dips

Price Levels: As the Fibonacci retracement depict, Alibaba has been hovering around 305-314, with a close below 310.

Key levels: 280 & 255 (If reached) With elections coming up, China may face some heat, which could drive Investor sentiment down. As mentioned before, BABA has remained resilient.

A Biden win would be a perfect scenario vs Trump.

Reminder: 310 (key level) & Earnings moved to November 06 (Smart move maybe)
Trend Analysis

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