20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
- Alibaba Group Holding Limited (NYSE:BABA) made its seller summit debut to highlight export opportunities available to local businesses in the e-commerce space, Brecorder reports.
- 'Go Export with Alibaba.com' brought together existing and potential exporters to discuss how to start and grow an online export business.
- It is the first event of its type held by Alibaba in Lahore, Pakistan.
- Song Song, Business Head of Alibaba Pakistan, acknowledged that Pakistan was one of its most important supplier markets.
- Lahore, in particular, exhibited a high potential for e-commerce growth, as it already contributed $4.7 billion in export volume, or 17% of the country's total export volume in the fiscal year 2021-22.
- As the pandemic has sped up B2B (business-to-business) buyers' adoption of online sourcing channels, Song felt it ideal for more high-quality suppliers in Lahore to go online and tap the 34 million-strong global online buyer community on Alibaba.
- Alibaba's overseas push has become critical for its growth prospects as the domestic regulatory crackdown took a massive toll on the company.
- Alibaba handed out the majority of the penalty for antitrust violations in the country.
- Price Action: BABA shares traded lower by 0.60% at $104.50 in the premarket on the last check Friday.
- Photo by Rico Shen via Wikimedia Commons
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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