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
$BABA excelent buy opportunity in AlibabaHolding*Alibaba got it's retrace to technical 61,8 fib level due to investigations from china's govt toward $baba for monopolistic behaviours. This company's fundamentals are just awesome. Just research for yourself, will be amazed. 22% against 5% of amazon in revenue. This company is just exploding and has still much more space on it's way to do that.
BABA/ THOUGHTSThis stock looks really interesting because it looks like Facebook when they had all the problems with Cambridge Analytics and the Government. China is a tougher government and we don't know how the stock will react, several GAPS and rebounds with little activity give us a good environment for short selling. As I write this BABA is 2 percent down in after hours. The stock shows interesting and clear levels for traders whether they want to buy or sell. If I could take a position it'd be a short position having the 200SMA as my area to cut losses. NYSE:BABA