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BABA

BABA BUY/LONG NOW READY! 200.00 to 350.00 by Early-Mid 2022! TICKER CODE: BABA Company Name: Alibaba Group Holding Limited Industry: Consumer Cyclical | Internet Retail | China Position Proposed: BUY Technical Analysis 1. Falling Wedge Pattern (Potentially Completed) 2. Ranging in Channel 3. Area of Confluence with Trendline and Horizontal Support (Key Level) 4. Fibonacci Retracement at 0.786 is at key market structure 5. Fibonacci Expansion Safe Take Profit Level 1 (Grey Zone) Also the length of Flagpole and also Channel Range (Trendline Resistance) Buy Entry: NOW READY (200.00-220.00) 1st Partial Take Profit: 350.00 (Early-Mid 2022) 2nd Partial Take Profit: 439.50 (End 2022) Stop Loss: 170.00
NYSE:BABALong
by traderprosignals
2
BABA - Ready To Launch 🚀-As of Wednesday, Alibaba is down nearly 33% from its late October peak despite showing robust growth rates. -The company suffered one of its worst earnings in Q1, with solid performance eclipsed by a hefty Chinese fine. -From behind a cloud of negative headlines, Alibaba continues to shine as a fast-growing, profitable company with China’s backing. -The most recent blow was its Q1 earnings report, in which the company reported a roughly $800 million loss, its first-ever as a public company. -BABA is substantially undervalued and the threats to its success are exaggerated. Our Opinion: BABA is oversold but with the given economic volatility and tech sector crash, a safe entry zone can be seen at around $195.
NYSE:BABALong
by caldooninvestment
13
BABA: 32 Analysts Rate a "BUY" with 40% upside After rising to new highs this year, BABA stock has retreated to $220 levels. This may still offer a safe and good buy, with a projected 40% upside for the upcoming year. The median price target is $322 and the highest price target is $407. Note the red button on the MACD, we may see some more downside, but it shouldn't be huge unless the market as a whole really crashes. I may buy this stock and hold long-term. This is not financial advise, do your own research. What do you think? Resource: www.pricetargets.com
NYSE:BABALong
by Grandmaster76