@ahmedanwar147, True but faced with for -ve forces of the CCP, its going down.
inducto
⋅
It may be true, as we are heading towards a highly probable recession
S_Behiyat
⋅
I respectfully disagree. If you refer back to 2017 - 2018 period, you would see that BABA is trading above and about the historical support level. The question I would be asking is if BABA is the same company it was 5 years ago, and whether they have the same level of economic moat. yes, there is regulatory uncertainty, but uncertainty is present in every ticker. Would be glad to know your thoughts?
banhocktan
⋅
@S_Behiyat, Right now the CCP has dismantled Alibaba's monopoly power and forcing them to allow their customers to list in other Ecommerce website like JD.com. That would dilute their earnings. To make matters worst CCP is trying to go for common prosperity. Meaning whatever these China company makes that profit has to be donated. Probability to their government to setup some department to help the poor.