Today the president of China, Xi, has been re-elected for his third term as president of the nation. As a result of this news, the China markets took a massive hit today, but with blood in the streets we should be buying.
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I played this for a short term options play, I personally think this is a decent spot to start buying for the long term as well.Note
Nice playTrade active
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Coming into the 200 Day MA right now. Potential reversal.Note
BABA is bull flagging on small time frames
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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.