November 15, 2014
Alibaba, Alibaba Group Holding Limited an online shopping and mobile commerce company in the Peoples Republic of China. Listed in US, NASDAQ in 19 September 2014. In November 11 broke its one-day sales record by more than 80 percent. See Bloomberg News, Alibaba Breaks Sales Record Amid China Singles-Day Rebate.
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- Alibaba Chairman, Jack Ma. Photographer: Scott Eells/Bloomberg
How will this stock performs in the coming months and years? Let look back in the past months since it listed. It has a good start, price action has showed “bullish flag”. However, there isn’t enough data to see its true trend. Everything is possible, everything is relative, no right no wrong. When the company logistic and supply chain is smooth, delivery and product meet and live up with the users expectation, the business and share price will continue to soar. Taobao Marketplace is its e-commerce arm.
Let see the chart for more information, chart worth a thousand words.
Alibaba Group Holding, November 14, 2014 Daily
Thanks for visiting the site. Have fun!
Moses
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