Carrotski
2022-09-12

$Alibaba(BABA)$not very sure how far out we are going to see this short bull run, however, on the charts for baba this looks likea strong support technically or potential triple bottom. However if support breaks down, baba may go down pretty deep further as they willbe deemed to try pricing like its global competitors.

Baba has learned to grow with a low profile for the past couple of years, being not vocal, may not mean there is no growth. Quite well diversified in my opinion. interest rate news is not helping retail sales, however I guess online sales nowadays combines itself with staples sales etc, energy, food products, so to some extent there are still defensive areas.

Personally, I am looking at placing my own bets, what about you?

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