Inverse head and shoulders pattern on 30 minute chart with high volume. consolidation between 85.00-86.20. A move with consistent volume can take BABA to 90 quickly.
Point of Caution:
1) 8% move happened in one day. Time is needed for consolidation. Profit taking should occur with support from buyers.
2) P/E above 40 on a business that has a market cap of $213B+
3) 2.23B float. Every $1 increase means BABA is worth $2.23B more, i.e., valuation can really get ahead of itself quickly.
4) Investigations in to allegedly erroneous transactions could prove harmful in the short term.
Point of Caution:
1) 8% move happened in one day. Time is needed for consolidation. Profit taking should occur with support from buyers.
2) P/E above 40 on a business that has a market cap of $213B+
3) 2.23B float. Every $1 increase means BABA is worth $2.23B more, i.e., valuation can really get ahead of itself quickly.
4) Investigations in to allegedly erroneous transactions could prove harmful in the short term.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.