$BABA TOP 20
Added 2024-11-13 16:48:13 +0000 UTC$BABA went from $77 to $117 directly after its last earnings
$BABA has also been buying back shares aggressively leading up to this earnings report due before the market opens on Friday
Price has pulled back to in between the 0.5 - 0.618 Fib levels and the RSI is low at 38
The street is expecting an EPS to increase by 5.6% on the same quarter last year and Revenue to be $33.47, an increase of 8.6% Y/Y
Modest targets that I think they will beat.
If this is not achieved then a pull back to the 200 Day MA at $82 is possible, otherwise, we are entering Wave 5.
Comments
Surely with all the recent buybacks that’s a positive sign they’ve smashed the earnings?
Dougal
2024-11-13 16:56:08 +0000 UTC
