$BABA TOP 20
Added 2023-10-29 19:41:18 +0000 UTC$BABA has unconfirmed earnings report dates, so they could report this Friday or the following week.
I would like them to report sooner rather than later.
They had a good finish to the week by bouncing away from the red bear case line at the lows they hit in June.
It could possibly still come down next week to test this low again and come as low as the yellow trend line and the Fib levels.
I do believe they will beat well on their earnings like they did in August but it had little effect on reversing their trend and dropped down further.
Let's see if the report has a better impact this time.....the August report showed that margins have improved along with growth....this earnings needs to show a continuation of this and solidify the trend.
I will not add here right now, in the buy zone below $71, I will add if it gets this low.
Comments
I believe so too. I am doing a Munger on this.....I am holding because I believe that the Chinese economy will continue to grow
Gareth Neary
2023-10-30 11:52:21 +0000 UTCCome on now - been waiting 2 years for a catalyst on this stock. Was proud to get an entry price below $90. Still believe it’s way undervalued
Chris H
2023-10-30 11:46:08 +0000 UTC
