Alibaba Growth Potential
Alibaba Group Holding Ltd. 
BABA reported fiscal first-quarter net income of $1.31 billion.
On a per-share basis, the Hong Kong-based company said it had profit of 50 cents. Earnings, adjusted for one-time gains and costs, were $1.22 per share.
The results just fell short of expectations.
The online retailer posted revenue of $12.23 billion in the period, which also fell short of Street forecasts. Analysts expected $12.25 billion.
Alibaba shares have increased 3 percent since the beginning of the year. The stock has climbed nearly 2 percent in the last 12 months.
But there is another side, since the stock price ranges from 165.00$ to 210.00$ from the beginning of the year and is now trading near the support line, there is growth potential to upper line of the channel at 210.00$. And if the stock can breakout, we coul expect it to reach 235.00$ level.
BABA reported fiscal first-quarter net income of $1.31 billion.On a per-share basis, the Hong Kong-based company said it had profit of 50 cents. Earnings, adjusted for one-time gains and costs, were $1.22 per share.
The results just fell short of expectations.
The online retailer posted revenue of $12.23 billion in the period, which also fell short of Street forecasts. Analysts expected $12.25 billion.
Alibaba shares have increased 3 percent since the beginning of the year. The stock has climbed nearly 2 percent in the last 12 months.
But there is another side, since the stock price ranges from 165.00$ to 210.00$ from the beginning of the year and is now trading near the support line, there is growth potential to upper line of the channel at 210.00$. And if the stock can breakout, we coul expect it to reach 235.00$ level.
تم فتح الصفقة
ملاحظة
LIKES AND COMMENTS ARE WELCOME!تم فتح الصفقة
Stock bounced on support, opening second position.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.