Alibaba Group Holding Stock | Double Bottom

February 27, 2016

 

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The World is Round

Alibaba potential market value placed Alibaba initial public offer in a record high to-date; raised US$25 billion. However, the stock price so far had showed investors reservations. There were too many reservations, such as corporate and management, political risk, increase competition, and the changing world economy.

 

Picture Worth a Thousand Words

Will Investors restore their confident in Alibaba back to September 2014 IPO time. Can Jack Ma’s goal in getting fifty (50) percent of Alibaba’s revenue from beyond China reverse the investor view? Chart shows all.

 

Stock price is slight higher than half of the IPO price.

 

February 26, 2016 Alibaba Group Holding Weekly Chart

February 26, 2016 Alibaba Group Holding Weekly Chart

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

China Economy Influence Alibaba Too

Price action has met the resistance.

February 26, 2016 Alibaba Group Holding Daily Chart

February 26, 2016 Alibaba Group Holding Daily Chart

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Moses US Stocks Analysis and Scan

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