|Below, you’ll find instructions for a trade recommendation on one of my favorite companies that I’ve put together as a free benefit just for you, subscribers of my 10-Minute Millionaire newsletter. I sincerely hope that it helps to deliver huge profits for you to enjoy.
Similar trade recommendations – including entry prices, protective stop limits, and any profit-taking exits – are delivered to the inboxes of Stealth Profits Trader subscribers each and every week. In 2019 alone, I’ve helped subscribers with the opportunity to secure profits on all or part of their trades an astounding 56 times!
And right now, I’m giving away another trade recommendation in my latest presentation as a way to give you a taste of the massive profits my recommendations can help deliver, often in just a matter of days.
On Tuesday, the 80,000-seat Olympic Sports Center in Hangzhou, eastern China, will be packed.
But the occasion doesn’t have anything to do with sports. And while there will be entertainment – music and celebrities have been promised – traders and investors from all over the world will pay attention for a different reason.
See, the event is a party for Jack Ma’s 55th birthday. Ma is the founder and chairman of Chinese $460 billion market cap e-commerce giant Alibaba Group Holding Ltd (BABA), China’s second-richest person, and at this event he will be stepping down.
Ma’s handpicked successor is current Alibaba CEO Daniel Zhang. Ma has been a magnetic personality and enthusiastic leader, while Zhang, an accountant, is more reserved.
Zhang is going to have a lot on his plate. Alibaba, much like Amazon.com Inc. (AMZN), does much more than sell goods online. It offers music and movie streaming online, cloud computing, payment systems, event ticketing, and much more.
The company’s success at offering such a broad range of services in China and other rapidly-growing Asian countries is precisely why it’s a “hold-it-forever” stock in my book.
For example, despite Chinese online retail sales growing only 17.8% in the first half of this year (about half of the growth of the year prior), Alibaba’s revenues for the year through March rose 50.6%.
I’m very keen to see where Zhang will take the company next, and whether he will be able to continue Ma’s history of innovation.
I believe that adding Alibaba to your portfolio is a prudent thing to do on any pullback. Here’s the chart:
Three ways to enter:
- Buy on a short-term pullback to the $165 level
- Buy on an intermediate-term pullback to $150 – $155 level
- Buy a breakout above $180
In short, start or add to your Alibaba position on a pullback to lower support levels. Or, if BABA breaks out of its four-month resistance level at $180, buy that strength to ride the momentum.
Stop Level: For your stop level, set a stop under the December lows at $129.
Profit-Taking Exit: I believe this a stock that has strong prospects for years to come. This company could be a part of a very long-term “hold for growth” portfolio.
We’ll check in on Alibaba from time-to-time to see how it’s doing.
Great trading and God bless you,
D.R. Barton, Jr.