It's all in the chart. I do not forsee BABA retracing back to 183, but who actually knows. Always keep in mindThey could always be black SwanEvent BABA looks to be on the uptrend. Buy Signal (5-07): Going Long.
Up Trend: Impulse. Down Trend: Correction. All wave Patterns are impulse or correction. Sideway: Except for moving horizontally. Retracement: Price hit Support, Reversal Period, Stop Loss: 60/40 Split. Resistance: Price Falls below Previous Support Level . Only trade when you see repeated price pattern. Limit to roughly 15-20 trades per month 2/1.
Impulse & Correction: 50/50 Win or lost: lose $50 - Make $100
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mah i will see that the globa yield curve is inverted=> recession , spx is on the resistence 2800 , china has decrease his speed , now baba... do you think that if us stock market get another correction baba will keep up? so what? well i will just baba when spx will break 2800 AND RITESTED ! not before.
letsgetit
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@samtrade12, Yes you are correct China's growth has declined, and a lot of shadow banking which, has created more debt for the nation.
However, what you have to keep in mind is that BABA is becoming a powerhouse to be reckoned with, a global-name.
Please don't forget the exploding Chinese economy, and constant scaling, International growth.
This is meant to say BABA success is not soley Predicated on China's growth, but it could help.
Don't forget Alibaba's growth presence within Southeast Asia.
Currently. owned majority stake in LAZADA and up and coming E-Commerce in 6 SE-Asia Countries.
China has managed to raised it's middle classs to 500million. Which could increase to 700million.
Although, it's Competitors in China, DHGate, MadeinChina, and GobalSource.
BABA is #1 E-Commerce Supplier for Aliexpress, Shopify and Amazon.
Market Cap: Mkt Cap 486.722B, PE 51.76.
I can easily see BABA and the Alibaba's growth surpassing the $1 trillion.