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farmtrader15
18 มีนา 2024 เวลา 16 นาฬิกา 22 นาที

Potential Double Bottom on BABA! เพิ่มขึ้น

Alibaba Group Holding LimitedNYSE

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Alibaba could have a double bottom formation soon. The stock is in oversold territory and the volume has reset immensely.

Michael Burry has been buying BABA in recent months as well. Worth checking this trade out.
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kevinbartley81
Honestly, I’m hoping we don’t need to test that bottom. lol. The valuation is stellar. Buy backs from the company and Chinese government are huge. It’s only a matter of time. Chinese behemoths like Baba, Bidu, and Tencent are all showing signs of stabilization. Looking for $100 to $150 in 2024 on Baba.
farmtrader15
Livinontheflipside
@kevinbartley81, I don't think we're going to test the bottom. I think we're getting ready to break out of this bottoming pattern. Volume is falling off big time, and today's price action was pretty good off of a higher low.

Looking for a break out next week or the one after, first target around $82.
Hazel360
@Livinontheflipside the shareprice is so dead… doubt we will see above $80 anytime soon…
farmtrader15
What do you think?
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