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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Alibaba: Super Bullish Chart Momentum, Crossed With Bargain Valuation