Is Alibaba heading for a reverse Head and Shoulders

2021年2月2日

Shares of Alibaba (NYSE:BABA) have taken quite a knock over the last quarter - particularly due to political (TRUMP Dump) and regulatory concerns. This has seen the price come down by 30% at its worst. The share has however started showing positive signs of a recovery since late December and recently bounced off its 200MA which is a positive sign of support. If confirmed, this could see the price heading back to the $320 level again in the coming weeks.