SabahEquityResearch

Has the price reached a floor?

Long
NYSE:BABA   Alibaba Group Holdings Ltd.
The simple answer is we dont know yet, however if u put this chart into the context of legendary Nelson Elliot methodology, it is pointing into a reversal soon. either from current prices or in worst case scenario we can go to $100 per share before making a reversal. overall this stock looks over discounted given its huge potential.


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we are going down more, the closet support is 120 and 110

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