Alibaba Springs To Life With A Buy Signal Today!

Posted on by The INO.com Team

Alibaba Group Holding Limited (NYSE:BABA) sprang to life with a buy signal today (5/21). After being in a prolonged sideways movement for the past 3.5 months, Alibaba gave a major trend change buy signal today with a green monthly Trade Triangle kicking in at $91.88.

NYSE:BABA

A Fibonacci retracement of this stock would take it back to between $100.21 and $104.88. You would use this as your initial target zone.

Every success with MarketClub,
Adam Hewison
President, INO.com
Co-Creator, MarketClub

One thought on “Alibaba Springs To Life With A Buy Signal Today!”

  1. Did you know that Alibaba has a market cap of $234B. Did you know that Berkshire Hathaway has a market cap of $356B.

    Alibaba is worth 2/3 x BRK-B.

    This shouldn't be possible, but it is, so those of us with any sanity left can only sit back, laugh, and observe the muppet opera unfold.

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