Alibaba Group Holdings Ltd ADR (BABA) Technical Outlook
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There was a week full of news and developments for Alibaba. The uncertainty about the suspended IPO of Ant Financial’s (Alibaba’s affiliate) combined with the concerns of the slower sales growth reversed the strong overall bullish trend of Alibaba’s stock, pushing the stock edging lower. Moreover, Alibaba’s revenues fell short of Wall-Street’s expectations of around $400 million.
For a daily investment approach, as analysts, we suggest a Strong Sell position due to the technical indicators shows a strong sell signal, and the moving averages state a sell signal. For an investment with a weekly or monthly duration, we can not say anything because of the rapid developments all over the world.
For a daily investment approach, as analysts, we suggest a Strong Sell position due to the technical indicators shows a strong sell signal, and the moving averages state a sell signal. For an investment with a weekly or monthly duration, we can not say anything because of the rapid developments all over the world.
Alibaba Group Holding Ltd ADR Aktie
72,30 €
-2,17 %
Klarer Community-Favorit: Alibaba Group Holding Ltd ADR mit vielen Buy- und wenigen Sell-Einschätzungen.
Das Kursziel von 112 € für Alibaba Group Holding Ltd ADR impliziert eine deutliche Steigerung um über 50% gegenüber 72.3 €.
