ALIBABA Long Position

ALIBABA going on a trendline, forming an ascending triangle pattern
Macd and Stochastic showing reversal signs

This stock is considered very undervalued
Taking a rough road due to China-USA tensions, Covid-19 and later the disappearing Jack Ma

We will see probably a breakthrough the resistance level 270 heading to the 310 again.
(We can also see a break on the trendline and the stock falls to his support)

Lets see...