BABA has been consistently staying in it's new trend channel since 3/18/20. If this trend holds up until February 2021, then BABA is poised to hit a 1 trillion dollar market cap by 2/19/21 $369.89. Already, Alibaba surpassed $1,000,000,000,000 in gross merchandise volume in fiscal 2020. And China's total annual retail sales for consumer goods is about $6,000,000,000,000. In a recent shareholder letter it said, "our next goal is to serve more than 1 billion consumers in China." According to estimates from Yahoo! Finance, BABA is forecast to increase sales by 31.1% to $95.4 billion in fiscal 2021. (credit: Aditya Raghunath)
Trade active
Buy long callNote
BABA is staying on it's bullish side of it's 6 month trend channel since I posted this. FYI...Note
Checkout my price and volume indicators:<deleted>
<deleted>
Trading indicators:
tradingview.com/u/Options360/
tradingview.com/u/Options360/
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.
Trading indicators:
tradingview.com/u/Options360/
tradingview.com/u/Options360/
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.