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shaxrashid
Apr 27, 2023 11:49 AM

#BABA #ALIBABA LONG Long

Alibaba Group Holding LimitedNYSE

Description

ALIBABA is nearing support and should be ready for some big upside in the coming weeks/months. Analyst price targets are downside HKEX:72 upside median HKEX:150 and long HKEX:220, considering the market is a bit shaky and volatile i would be more conscious to the downside and put an even lower downside target of about 45/50 range. however, the recent news coming out of BABA on splitting the business is a very solid news for the stock and is definitely the one to hold on to for big gains.
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