BABA Market Analysis
Hi Traders. BABA stock price has been plummeted for over two years, since the high around $320 on Oct 2020, right after the Covid-19 recovery was exactly when we notice BABA started dropping steadily.
Well, there are lots of reasons causing the overall Bearish sentiment on BABA, regulatory crackdown, Covid-19, tech crash, lockdown, antimonopoly, and what happened to the Founder recently too.
I intrinsic value of BABA is much worth much more than $80-100, i wouldn't call out the specific figures but let's see if BABA will recover in the coming half year - 1 year period.
If you enjoy the content, make sure you follow my profile and give me a thumbs up for daily fx forecast & educational content.
Take care and trade safe.
All the content I've posted are for educational purposes, please perform your own research and only take it as a reference.
Well, there are lots of reasons causing the overall Bearish sentiment on BABA, regulatory crackdown, Covid-19, tech crash, lockdown, antimonopoly, and what happened to the Founder recently too.
I intrinsic value of BABA is much worth much more than $80-100, i wouldn't call out the specific figures but let's see if BABA will recover in the coming half year - 1 year period.
If you enjoy the content, make sure you follow my profile and give me a thumbs up for daily fx forecast & educational content.
Take care and trade safe.
All the content I've posted are for educational purposes, please perform your own research and only take it as a reference.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.