BABA - time for a shift
Shift has come - from this moment on, BABA will start it's rise (my prognosis).
The reason for this assumption is the very positive PE ratio, which was not hurt by the price fall.
BABA seems very healthy financially, as if it was buying out own stocks during the fall.
So my guess is that those who will still the opportunity to get the stocks for 130$, will catch the last train upwards.
I personally doubt that it will really reach the 130$ already, but since there is there are still 2 days till the weekend, it may have enough time to bounce.
The reason for this assumption is the very positive PE ratio, which was not hurt by the price fall.
BABA seems very healthy financially, as if it was buying out own stocks during the fall.
So my guess is that those who will still the opportunity to get the stocks for 130$, will catch the last train upwards.
I personally doubt that it will really reach the 130$ already, but since there is there are still 2 days till the weekend, it may have enough time to bounce.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.