BABA
We meet again #stocksBABA hurt me on that huge gap down but I am willing to take another shot here with a stop below 210. If this trendline break marks the bottom, the stock could head back to the 280 area. FXI has been strong and KWEB so the stock may have some tailwinds. Not sure about the Jack Ma situation but it might not matter.
BABA - JACK MA - DRAMAJack Ma is safe for now but laying low - but also missing? Or not? - what a drama.
Stocks hate drama and traders love drama.
Watch this stock fall and I will put in some orders in those areas shown above.
I think the Asian economy and BABA are doing well considering the situation - once this drama is resolved the stock should soar.
This is not Finical advice but a personal online journal of my trades.
Bullish signals for Alibaba (BABA)Fundamental analysis
1. The stock is fundamentally very cheap (relatively innocent negative news)
2. Analyst consensus target price: 330 (39% upside potential)
3. Growth score of 99 (1-100) (Stockrover)
4. In 2030, 40% of sales will go through internet retail
Technical analysis
1. Positive Trend
2. Volume is growing
3. Short-term positive MACD rate
4. Already seeking Support of the MA-10
5. Short term target: 260
6. Long term target / Target 2021: 350