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Alibaba Group Holdings Ltd ADR (BABA) Technical Outlook


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.
Alibaba Group Holding Ltd ADR

Start price
Target price
Perf. (%)
€244.00
06.11.20
-
4.71%
09.11.20

Alibaba Group Holding Ltd ADR Stock

€67.05
1.210%
Alibaba Group Holding Ltd ADR gained 1.210% today.
The stock is one of the favorites of our community with 34 Buy predictions and 1 Sell predictions.
With a target price of 117 € there is a hugely positive potential of 74.5% for Alibaba Group Holding Ltd ADR compared to the current price of 67.05 €.
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THE FINANCE CLUB OF UNIVERSITY OF MACEDONIA, THESSALONIKI, GREECE      
 
The Finance Club of University of Macedonia  - www.financeclub.gr is an independent non-profitable student organization founded by students of the University of Macedonia, Greece (UoM - www.uom.gr) that aims to build strong relations between the market and the University. Though based in the University of Macedonia, it also operates via associates in Aristotle Universit
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