Alibaba Group Holdings Ltd.
Long
Aggiornato

BABA: You may not see $220 again.

920

    Fundamentals:
    * BABA has been underperforming (in comparison to US companies positively affected by the COVID 19)
    * Potical uncertainties (trade war), Chinese companies scandals (ex. LK), have deterred BABA from making all time highs, unlike Amazon.
    * These factors cause low multiples.
    * Healthy company, with strong growth. Big player in AI/Cloud, where gold mines of the futures lie.


    Technicals:
    * Amidst legislation that would allow delisting of Chinese companies yesterday, stock fell, but quickly regained.
    * High volume buys yesterday suggest current level is attractive.

    Earnings:
    - highly likely to beat, by a large margin - more buying should ensue.
    - Price unlikely to fall much regardless of market reaction to guidance.
    - Given likely a large upward move, and an unlikely drop after earnings, $220 is a great price to buy.
    - Worst case scenario: price fails to break $220 on earnings, close out even or at a very small loss.

    $220 is a level that will unlikely to be revisited if BABA breaks upwards.
    Price Target: $380 -$460
    Trade chiuso manualmente
    Alibaba beat earnings. Political uncertainties magnified by news today. 212 to 200, a 6% loss.
    Nota
    BABA still considered a good long term play.

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