BABA,enters monthly bullish trend.Expect an Uptrend continuation

NYSE:BABA   Alibaba Group Holdings Ltd.
Alibaba Group Holding Ltd - ADR (BABA, $278.14) is predicted by Tickeron A.I.dvisor to grow by 4% to $289.27 or more within the next month. Keeping in mind similar previously-analyzed scenarios where the stock trended up during the month, the odds of an Uptrend continuation are 82%. Current price $274.21 is above $265.90 the highest resistance line found by Tickeron A.I. Throughout the month of 08/14/20 - 09/16/20, the price experienced a +10% Uptrend. During the week of 09/09/20 - 09/16/20, the stock enjoyed a +2% Uptrend growth.

Bullish Trend Analysis

The Stochastic Indicator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. Tickeron A.I. detected that 30 of 42 cases where BABA's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 81%.

Following a +1.47% 3-day Advance, the price is estimated to grow further. Considering data from situations where BABA advanced for three days, Tickeron A.I. shows that
in 256 of 343 cases, the price rose further within the following month. The odds of a continued upward trend are 75%.


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