$BABA TOP 20
Added 2024-08-13 10:33:58 +0000 UTCI detailed at length why I believe $BABA is looking bullish now during the weekend review and we have started the week off strong here too, pushing to a higher high above $81.
All that is left now is a positive report and solid Q3 guidance, there is naturally some concerns, $AMZN issued some concerns for their Q3 too and $BABA may be affected by the same issues.....what I would like to see is an increase in their ancillary revenue sources and an increase in commerce from international markets.
$BABA I believe should also increased their Buyback program, along with $BIDU, I do not believe they are making good use of their cash reserve right now.
If there is a poor report and the price can hold above the 200 Day MA at $76 then I will be happy.
