$BABA TOP 20
Added 2023-11-05 21:31:49 +0000 UTC$BABA has announced this week that they will report their earnings on the 16th of Nov before the US market opens.
What we want to see is more of the same from their previous report, to show that growth is consistent and they are expanding outside of China.
The share price has not reflected the growth yet but I believe this will only last for so long before the market decides that there is too much value on the table here to ignore.
I remain bullish on $BABA and my position has not changed, any price below $100 is undervalued with a margin of safety.
Again, we want to see the blue line recaptured at $88, and then above the MA's and the wedge at $94....so there is still a lot of work here to do but a positive earnings could start this reversal.
