BABA - Ready To Launch 🚀

-As of Wednesday, Alibaba is down nearly 33% from its late October peak despite showing robust growth rates.

-The company suffered one of its worst earnings in Q1, with solid performance eclipsed by a hefty Chinese fine.

-From behind a cloud of negative headlines, Alibaba continues to shine as a fast-growing, profitable company with China’s backing.

-The most recent blow was its Q1 earnings report, in which the company reported a roughly $800 million loss, its first-ever as a public company.

-BABA is substantially undervalued and the threats to its success are exaggerated.

Our Opinion:
BABA is oversold but with the given economic volatility and tech sector crash, a safe entry zone can be seen at around $195.