Alibaba - don't miss this train!

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Technicals
  • There has been no divergence with RSI and the OBV and trade price. They are steadily growing. ----> BULL
  • DI+>DI- (positive directional index just crossed above the negative) ---> BULL
  • MACD>MACsignal (MACD just crossed above the signal) -----> BULL


Fundamentals
  • Alibaba reported earnings yesterday (Aug15th) continued positive non-GAAP earnings of $1.84 per share, 45.98% above the same quarter a year ago, beating the mean consensus estimate of $1.51.
  • All analyst price target values are above $200 (17% above current price @$170)


Risks
  • JD.com who is a competitor, is doing great.
  • Trade war between China & USA.

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