ALIBABA BOUNCE FROM TREND LINE
Alibaba oversold - RSI is low, historically this has preceded growth.
P/E and P/B are low compared to other industry players and historically. Stochastic RSI was also down so tomorrow may be good for a buy.
Debt to equity ratio decreasing. despite a bit of increased dept from a few Quarters ago.
Let's see what the next few days bring, likely will open a buy position. I will update with TP levels.
Hope you enjoy the idea. Let me know what you think below, anything to add or that I miss?
Good day to you
P/E and P/B are low compared to other industry players and historically. Stochastic RSI was also down so tomorrow may be good for a buy.
Debt to equity ratio decreasing. despite a bit of increased dept from a few Quarters ago.
Let's see what the next few days bring, likely will open a buy position. I will update with TP levels.
Hope you enjoy the idea. Let me know what you think below, anything to add or that I miss?
Good day to you
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