Alibaba is in a broad channel of consolidation that could take quite a long time to break. A great opportunity to start shopping below $70, looking ahead for several years. The last accumulation cycle took ~970 days, but this does not mean that there will be something similar now, but it is obvious that the patient ones will win. Below I will attach a picture of the previous accumulation cycle, which had a similar wide channel.
All good deals and profit✅ Not a recommendation for action.
All good deals and profit✅ Not a recommendation for action.
Note
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.