Swing Trading Alibaba: Here’s The Play

 | Aug 14, 2018 12:49PM ET

Shares of Alibaba (NYSE:BABA) continue to drop sharply as trade-war fear continues and the Chinese economy slows. Alibaba has fallen from over $210 in June 2018 to its current $172 level. Based on calculations and technical chart analysis, Alibaba is a swing trade buy when it hits $160.