Today we look at the company Alibaba Group.
This company had to take some blows, especially recently. It has become clear how strongly the company is influenced by the government. As a result, the Ant Group's IPO has also been postponed to a distant future. In addition, the 2.8 billion fine should not be forgotten. Nevertheless, I am convinced that Alibaba has a bright future ahead of it. Especially considering that the company still has a lot of catching up to do in the American and European markets in terms of customers and sales. For investors who have a long horizon, soon could be a good one for the next 3 years +. For now, however, this stock gets a SELL rating from me, as the market is reacting in a generally choppy manner and there is no reason, even from a technical perspective, for the stock to rise in the coming days. I would wait for a price between 200 and 180 and then buy a first load of shares.
This company had to take some blows, especially recently. It has become clear how strongly the company is influenced by the government. As a result, the Ant Group's IPO has also been postponed to a distant future. In addition, the 2.8 billion fine should not be forgotten. Nevertheless, I am convinced that Alibaba has a bright future ahead of it. Especially considering that the company still has a lot of catching up to do in the American and European markets in terms of customers and sales. For investors who have a long horizon, soon could be a good one for the next 3 years +. For now, however, this stock gets a SELL rating from me, as the market is reacting in a generally choppy manner and there is no reason, even from a technical perspective, for the stock to rise in the coming days. I would wait for a price between 200 and 180 and then buy a first load of shares.