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.
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
70,10 €
-0,43 %
Und Alibaba Group Holding Ltd ADR steht derzeit mit 42 Buy-Einschätzungen und 2 Sell-Einschätzungen bei unserer Community gut im Kurs.
Bei einem Kursziel von 109 € ergibt sich ein stark positives Potenzial von 55.49% für Alibaba Group Holding Ltd ADR im Vergleich zum aktuellen Kurs von 70.1 €.