Above 220$ BABA can interest me for a cute swing.
This stock is a strong company, with good Revenue, future prospects and technological innovations.
China’s e-commerce is testing a critical point in the graph as it reaches its rising trend line, outlined from the start of its IPO.
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Recent News (Fundamental):
* It announces that it will produce robots that will enter the Chinese economy.
* It announces that it will start producing electric trucks.
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The average analysts' rating by "TipRanks" is positive.
With a consensus of 25 buy recommendations right now!
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technical analysis :
Above price 220$ it will prove that it breaks the descending triangle
Under 195 I would less recommend holding it
PT1 - 268.50$ (Conservative)
PT2 - 297-300$
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* For traders who like to measure price levels with Fibonacci, it appears for you in the graph, from the highest price to the price at which the stock is currently
* There is no recommendation, you are big kids, do your research .. I just share with you my trading ideas
* Let me know what you think, your opinion is important to me !
This stock is a strong company, with good Revenue, future prospects and technological innovations.
China’s e-commerce is testing a critical point in the graph as it reaches its rising trend line, outlined from the start of its IPO.
--------------------------------------------------------------------
Recent News (Fundamental):
* It announces that it will produce robots that will enter the Chinese economy.
* It announces that it will start producing electric trucks.
-------------------------------------------------- -------------------
The average analysts' rating by "TipRanks" is positive.
With a consensus of 25 buy recommendations right now!
-------------------------------------------------- ------------------
technical analysis :
Above price 220$ it will prove that it breaks the descending triangle
Under 195 I would less recommend holding it
PT1 - 268.50$ (Conservative)
PT2 - 297-300$
-------------------------------------------------- -----------------
* For traders who like to measure price levels with Fibonacci, it appears for you in the graph, from the highest price to the price at which the stock is currently
* There is no recommendation, you are big kids, do your research .. I just share with you my trading ideas
* Let me know what you think, your opinion is important to me !