Today’s watchlist comes after reviewing all the recent news in the global stock market.
And I think I found a Buy It or Burn It stock that looks to be on the verge of making significant moves soon…
Remember, these are just ideas I’m sharing. You should only enter these trades if you’re comfortable managing the positions on your own.
Check out this week’s free bonus trade idea below!
Alibaba Group Holding Ltd – ADR (NYSE: BABA)
This epic anti-Chinese stock phase had a pre kick-off when business magnate, investor and co-founder of Alibaba Group, Jack Ma, made derisive comments about the CCP in 2020.
He disappeared for some time and then was far less outspoken when he came back. The stock, however, never recovered…
In fact, even the company itself admitted that it expects weaker revenue growth amid Beijing’s constant regulatory crackdowns and China’s dwindling economy.
Just take a look at this chart.
When a stock goes from over $300 down to $100, the amateur observer might think there’s $200 in upside… That’s a trap.
Not only has the world changed drastically for BABA, but the profitability environment that allowed that stock price also no longer exists in China.
And if the stock gets delisted from the NYSE, it has the potential to sell-off for 58 days…