Sunday, April 21, 2024
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Alibaba in the Trading Room

Trading Room Today: Made an investment in Alibaba at it’s lowest point today as this stock along with other major Chinese stocks traded sharply lower amid Chinese President Xi winning his 3rd term and selecting loyalists to the Politburo Standing Committee. As inflation continues upward and economic uncertainty prevails, we will make this a short term trade, and look to exit and take profits around $63.40 or higher.

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Dr. Troy Hawk, Ph.D.
Dr. Troy Hawk, Ph.D.
Research Scientist
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