$BABA TOP 20
Added 2023-11-25 18:30:42 +0000 UTCMany of the Chinese ADRS have started their move lately, notably $BIDU and $PDD and $BABA is still feeling the effects of its earnings report from last week.
The dust may not have settled here just yet or the price needs to come down to the wedge trend line between $73-$71 before it can reverse.
If the price can reduce to these levels, I will certainly be adding again to my position.
I do not believe that $BABA will behave like an outlier and not follow Chinese ADRS if they all continue pushing higher.....their fundamentals are too strong.
Goldman is also bullish on $BABA with +77% potential gain over the next 12 months.
Comments
They are all looking strong, $PDD is the front runner and ahead of the pack in terms of its chart position.....but I believe that $BABA and $JD are just about to start.
Gareth Neary
2023-11-25 20:09:36 +0000 UTCWhat would you choose to hold for the next 5 years between Baba, JD, and PDD?
ES B
2023-11-25 19:16:24 +0000 UTC
