CA - Alibaba: Super Bullish Chart Momentum Crossed With Bargain Valuation

2024-07-22 01:30:48 ET

Summary

• Alibaba's conservative balance sheet, bargain valuation, and steady growth forecast support the stock as an attractive investment option.
• Building trading momentum on the charts points to buyers slowly gaining the advantage over sellers.
• Potential catalysts like a new share listing in Hong Kong and the potential for a cooling in U.S.-China relations after the November election make BABA a compelling long-term investment idea.

I know it's fashionable to bash China this election season. I know doubts about China's economy are everywhere. I know fears of a Chinese invasion of Taiwan are growing. I also fully understand a stock market correction is getting overdue globally....

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