It closed above the Bollinger band 5 days in a row. Heck it was totally outside the band 5 days in a row. I don't think this is going to go back to $170.
I took a closer look at the Bollinger band, and the 5th day actually opened inside it. Coupled with the smallish range and high volume of that day, we might get a pullback and a chance below $170. Also a look at the hour chart shows what may be a resistance
Futures are open and recovering from that weak pullback. North Korea has no effect on markets anymore. New ATH's soon folks.
Do we see this stock being an amazon price wise in about 5-7 years I do maybe not as high in price but the 400-450 range any believers
I think it will. They are doing so many things in China. They have their own delivery service too! Amazon of China
I just realized that it's been exactly 3 years since they IPO'd in the NYSE opening at $92.70. The stock had nearly doubled now.
Seen this stock go down to $167 in less than 10 days and rebound, WOW, gov't restrictions lifted and BABA expanding, STRONG BUY!
Alibaba Group Holding Ltd (BABA) Stock Has New Highs Ahead, Thanks to Cloud and Mobile Taobao With stock markets making new highs daily, Alibaba's (BABA) likely to reward investors.. Alibaba Cloud and Mobile Taobao are two bright spots. Alibaba Group Holding Limited (NYSE:BABA) is on a tear. The stock is flirting with 52-week highs and shows no signs of falling anytime soon. At a forward P/E of 27x, compared to over 120x with Amazon.com, Inc. (NASDAQ:AMZN), Alibaba looks like a bargain. Yet, Alibaba is growing its business not just in the cloud computing space. Whereas Amazon’s AWS keeps growing at enormous rates, Alibaba’s cloud services are one of its many sub-businesses.
This stock is worth a lot more that what it’s trading for right now. Give it a couple years and it will be worth your investment.
Big week coming Reminds me of buying Tesla at 45$ Not worried but excited about earnings. Long in the fundamentals leadership & vision
Alibaba has to be one of the cheapest stocks out there. 60 PE compared to AMZN 260, JD not even profitable. All models are showing 100% upside
Alibaba has to be one of the cheapest stocks out there. 60 PE compared to AMZN 260, JD not even profitable. All models are showing 100% upside
There’s no rhyme or reason baba is down except to keep it under 200. If they didn’t do that it would be trading at 250 already
Very positive on Bloomberg - oh, by the way, based on forward earnings projections, Alibaba is trading at a price 1/6th of Amazon.
With current fundamentals this stock is north of $200. Chinese stocks are not given same multiples but eventually it will.
Do you think the stock will see $200 one day? How come there is no real take off? It's amazing how the stock progression is slow
Only 2% of China cloud business has been penetrated and baba is the leader. .. tons of growth and earnings potential there for decades
Anyone else get the feeling baba is about to break out in a big way? The economy they are in, the moves they're making! Stock is cheap.
This is long years stock to hold this not a make quick buck stock if you can’t see that you shouldn’t be in baba . I will never sell.
