BABA: One more Dip?
Alibaba is said to be the next Amazon stock, but right now it's still in its early phases of growth. Recently they were added to the Heng Seng index and they will have earnings next week on the 20th of August. So we know what that means! Alibaba may have one last dip for traders to grab it a little lower before moving up from the 18th of August where it could potentially make a pretty penny. Or you could take some now and ride the red a bit until it comes back up. Either way, looks like a good scalp and maybe long term investment to check out.
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