Buy or Sell ?
i think BABA is a buy for the short term.
i am expecting it to bounce to HK$103 from here. Yes, it is only a bounce followed by a final drop in the short term . Longer term, it is a buy from $92
Do your own due diligence.
I am not a financial advisor.
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102481566 : My view is a buy for price below 100. Baba will test 118 soon
xplora : Agree a lot people including TVB Finance has been saying this stock unndervalue
I am 102702622 OP 102481566 : At current levels, the next support line is around HK$92. I think this could happen next week.
102559790 : well, it may not come down to test the support. recent low in HK was 93.5 last week and was well supported. it has corrected and is trading range bound. China is outright supporting the stock market....and foreign funds' interest is increasing...and desparately want to increase their exposure which is still low. i am optimistic HK heavy weight shares will thread higher short term due to news from improving econ data and adhoc news there may be to boost stock market.
RC84 : Big tech in China market like a trash. So sad. People like small one to price in and sell to investor in China.
Kazoo81 : Lets BUY!!!!
Thelord xplora : People have been calling this undervalued since it was 300
Thelord 102559790 : Babi koh are you long or what