Green Major trend line- Still in play
White Accelerating trend line- Still in play
Both trend lines shown above are still in tact. Moving forward BABA seems to be trading in an upward channel with a series of peaks & troughs. Yet, has been inching higher & higher the past 6-7 months.
Future Events: BABA is set to report quarterly earnings Oct.26th. Daniel Zang CEO of Alibaba, during the investor day event, has been very confident & optimistic regarding the digitalisation of the Chinese economy. It is a key driver for Alibaba's business model, as a growing population of Chinese users adapt to e-commerce & with a population over 1 billion, the stock looks poised for steady growth in the years to come.
Future Events: Ant's Financial IPO, set to be a record breaking IPO, world's most valuable IPO, who owns a 1/3 of it? Yup, you guessed it Alibaba. More importantly, Alibaba will serve a s a proxy for Ant investors- a leading Chinese fin-tech firm- payment processing ( think like PAYPAL USA). Set to IPO amidst rising tension mid October.
Risks ahead: China/USA trade war agreements/ Geopolitical risks, Negative Investor Sentiment (Chinese Stocks) have weighed down over the recent years & BABA's future growth.
Investment Decision: Solid Buy, regardless of China/USA trade war agreements Alibaba has remained resilient, during political tension & the global pandemic. It's P/E ratio is trading less than that of Amazon, has an exponentially higher net profit margin. Annual Sales have increased double digit growth. BABA loses on Price to Sales ratio. but the list goes on.
Target ranges 2020-2021- Avg. 320 - High-350 (Good Luck)
White Accelerating trend line- Still in play
Both trend lines shown above are still in tact. Moving forward BABA seems to be trading in an upward channel with a series of peaks & troughs. Yet, has been inching higher & higher the past 6-7 months.
Future Events: BABA is set to report quarterly earnings Oct.26th. Daniel Zang CEO of Alibaba, during the investor day event, has been very confident & optimistic regarding the digitalisation of the Chinese economy. It is a key driver for Alibaba's business model, as a growing population of Chinese users adapt to e-commerce & with a population over 1 billion, the stock looks poised for steady growth in the years to come.
Future Events: Ant's Financial IPO, set to be a record breaking IPO, world's most valuable IPO, who owns a 1/3 of it? Yup, you guessed it Alibaba. More importantly, Alibaba will serve a s a proxy for Ant investors- a leading Chinese fin-tech firm- payment processing ( think like PAYPAL USA). Set to IPO amidst rising tension mid October.
Risks ahead: China/USA trade war agreements/ Geopolitical risks, Negative Investor Sentiment (Chinese Stocks) have weighed down over the recent years & BABA's future growth.
Investment Decision: Solid Buy, regardless of China/USA trade war agreements Alibaba has remained resilient, during political tension & the global pandemic. It's P/E ratio is trading less than that of Amazon, has an exponentially higher net profit margin. Annual Sales have increased double digit growth. BABA loses on Price to Sales ratio. but the list goes on.
Target ranges 2020-2021- Avg. 320 - High-350 (Good Luck)