is time to BUY LONG ALIBABA come? well, it is going under the antitrust probe.
anyway, it is still a good stock given the fundamentals, so why should not buy it? well, China is known for its being communist, so if china's boss what Alibaba to stop what it is doing, Alibaba will stop.
but we got to remember that Alibaba, since it is a big one of e-commerce in China, it has yet space to grow, as long as the Chinese population's richness grows.
so, as my previous analysis, at 230 we are in the middle of the old-growth trend, which can be a good point since it is also a support 1 YO.
so, I think ill buy some, it went almost 1/3 down since its ATH (315), so it is a buy for me, after all, the antitrust can continue, but everyone wants Alibaba to go since it Is also helping the Chinese environment (it does a lot actually, not only e-commerce, even if at this time more than 80% of its revenue are from e-commerce)
I think it can be a good BUY THE DIP, but it can go even lower, you just have to be patient and wait for the long run
anyway, it is still a good stock given the fundamentals, so why should not buy it? well, China is known for its being communist, so if china's boss what Alibaba to stop what it is doing, Alibaba will stop.
but we got to remember that Alibaba, since it is a big one of e-commerce in China, it has yet space to grow, as long as the Chinese population's richness grows.
so, as my previous analysis, at 230 we are in the middle of the old-growth trend, which can be a good point since it is also a support 1 YO.
so, I think ill buy some, it went almost 1/3 down since its ATH (315), so it is a buy for me, after all, the antitrust can continue, but everyone wants Alibaba to go since it Is also helping the Chinese environment (it does a lot actually, not only e-commerce, even if at this time more than 80% of its revenue are from e-commerce)
I think it can be a good BUY THE DIP, but it can go even lower, you just have to be patient and wait for the long run
Comment:
PAY ATTENTION, IT CAN REACH $180 watch it