BABA has broken out of the wedge pattern and has begun to accumulate.
We think BABA will break out on earnings and test the 270 price target.
We believe BABA will retest 320 by mid or late March given favorable market conditions. The following reasons include:
1) Strong Pandemic recovery
2) China is set to outgrow the United States in 5 years instead of 10 years
3) BABA is severely undervalued
4) BABA will rekindle a relationship with the Chinese gov and an ANT IPO will most likely play out
5) Big money is flowing into China as a safe haven.
We think BABA will break out on earnings and test the 270 price target.
We believe BABA will retest 320 by mid or late March given favorable market conditions. The following reasons include:
1) Strong Pandemic recovery
2) China is set to outgrow the United States in 5 years instead of 10 years
3) BABA is severely undervalued
4) BABA will rekindle a relationship with the Chinese gov and an ANT IPO will most likely play out
5) Big money is flowing into China as a safe haven.
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免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。