BUYS ON BABA
💡 Today we analyze a great opportunity for the medium/long term, which is Alibaba (BABA).
Alibaba is a robust company that has been in a downtrend, but recently broke its weekly downtrend channel and is approaching a key support level. Any purchase above $90 is a good option for the long term; that’s our entry point, although a small position can be taken gradually.
1. Operational Strength: Alibaba remains a leader in e-commerce and cloud services, showing consistent growth in its user base.
2. Growth Prospects: As the economy recovers, online demand and the expansion of its services are expected to continue driving its revenues.
3. Technical Opportunity: The break of the downtrend channel suggests a trend change, making this an interesting time to consider a purchase.
This analysis is not an investment recommendation.
Alibaba is a robust company that has been in a downtrend, but recently broke its weekly downtrend channel and is approaching a key support level. Any purchase above $90 is a good option for the long term; that’s our entry point, although a small position can be taken gradually.
1. Operational Strength: Alibaba remains a leader in e-commerce and cloud services, showing consistent growth in its user base.
2. Growth Prospects: As the economy recovers, online demand and the expansion of its services are expected to continue driving its revenues.
3. Technical Opportunity: The break of the downtrend channel suggests a trend change, making this an interesting time to consider a purchase.
This analysis is not an investment recommendation.
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