BABA and the 40 thieves - buying here is a steal
BABA has broken its negative trend, reclaimed its 200-day moving average and done so on higher volume. Add to that a long bottoming base formation and we have the technical considerations taken care of. Trade war tensions are easing, while other regional conflicts are good for e-commerce, albeit not for logistics. BABA is at an inflection point and I believe the Stage 1 has been broken and we are just at the beginning of Stage 2.