BABA should be on the way completing wave c. trendanalysis from rsi - buy. st long with target about $ 140
Comment
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weak...to weak for a c wave.. so alternativ look: we have to exp. new lows IF the markt will not show us a nice performance the next 2 trading days.. SL $117 ( ca. ) for any bullish outlokk.
@wolfff52575 I agree. 160$ will be reached the latest within one or two quarters
chinmayamahapatra
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Chinese economy is in a downtrend. Moreover they are more strict with lockdowns. Basically they are destroying their own economy. Chances are Baba might go down more. Also industry is moving their supply chain out of China. China as a whole has a lot to fall.
inducto
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Even if it goes much lower, it won't stop existing. They offer great products from huge variety of direct suppliers
chinmayamahapatra
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@inducto That is the whole point. What would you do with a stock, that doesn’t increase in price, even if the company makes money. I don’t care what the company does as long as the stock price is more than what i paid for, even if the company doesn’t make money. Value investing is dead