24 February 2015
Moses’ US Stock Column
Alibaba Group Holding Limited, a Chinese e-commerce company that listed in US NASDAQ. It provides online business services via web portals.
Jack Ma or Ma Yun 马云 is the most talk about entrepreneur and richest CEO of China.
How is the stock performed so far? 20 MA is pointing down, price action is below 20 MA. Price has crossed below 20 MA since end November last year. 20 MA has been acted as resistance. The stock price is now ranging like the initial one month after IPO, this seem to be a very strong level. The level may hold, is this a ‘bottom’; thinking of catching a falling knife? Base on the available stocks, if the owner can’t hold any further; the price may continue to travel south.
Alibaba Group Holding Limited, February 23, 2015
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Moses
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