Looking up for BABA

22 thg 12, 2020

It was recently revealed that Mr. Jack Ma is has kowtowed to the CCP and offered portions of ANT services to the Chinese Government in order to pacify relations. From a fundamental perspective, all of the bad news is baked in and the technicals are looking great for a great value play. This name has been beaten down for so long, we categorize this trade as a lower risk value play. We are long on strong and adding on dips.