Alibaba shares have made a pretty strong fall! The share price fell by more than 50 percent. This is due more to the Chinese economy than to the company itself. The negative situation with the country's economy has significantly reduced the performance of many Chinese companies. Although Alibaba is a top company in the Chinese economy, global problems have created strong pressure on the stock price of this online store. Today the trend is starting to reverse and there are very good prospects for the growth of stocks! The onset of the cold season traditionally increases the turnover in Internet commerce. Alibaba ranks second in sales after Amazon. China is by far the largest producer in the world. The upcoming lockdowns and quarantines should significantly increase the turnover in Internet commerce. The possibility of restoring the company's share price is very high. And today the shares have a very good buy price!
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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.