After the sellers dry up BABA should rub out a nice rally
China is easing monetary policy
Price supported at the 0.768 fib retracement and the MACD is curling up
Look for a higher high on the MACD, another dip in price, and a breakout of the down trend
China is easing monetary policy
Price supported at the 0.768 fib retracement and the MACD is curling up
Look for a higher high on the MACD, another dip in price, and a breakout of the down trend
Note
alibooboo is comingNote
Aliababa trades now at $105, a blended P/E: 12.08xNormally, it trades at 25.46x, which is around $225 as of now.
source: FastGraphs
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.