BUY ALERT: I purchased $1,000 more of this growth stock
Added 2021-07-22 14:57:49 +0000 UTCBABA has moved into space well below it's 200d MA. In non-technical terms, this means the company is on a large "dip" and has no momentum or enthusiasm in the stock. How long can a company stay below it's 200d MA? Well, forever, if it continues to trend down. But I don't believe that will happen for Alibaba. The fundamentals of this company are moving in the opposite direction. Every day they gain more customers, revenue, operating income, etc. I do not believe the price and the fundamentals will move away from each other indefinitely. My expectations are that over the next few years, as FUD starts to fade (as it always does), the price will trend closer to the value of the company.
