$BABA | #Alibaba Group Investors Hoping for a Biden Win?
Potential long setup on the reclaim of the 7ma. Some caution required as we are approaching a very contentious election, where China will be front and center of Mr. Trumps tweets. Ramblings this week about ANT Financial did not help BABA's attempted breakout. Day trade possible to $310, but safer entry on the next breakout, with $340-$350 as target range. Many investors are banking on a Biden win leading to a truce with China and improved relations.
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