Could this be a reversal for ALIBABA?
@TigerOptions:
Alibaba has faced substantial challenges in recent years, with the impact of Covid-19 wreaking havoc on its stock. The price plummeted over 70% from its late-2020 peak to the beginning of 2023, and despite expectations for a recovery in the past year, Alibaba's stock continued to decline, shedding over a quarter of its value in the last 12 months.As we enter 2024, Chinese stocks, including Alibaba, remain volatile amid concerns about the economy. Investors are anxiously awaiting effective government stimulus to counter the ongoing uncertainties. The upcoming quarterly earnings report from Alibaba could provide valuable insights, particularly from its core e-commerce business, offering signals about broader consumption trends.BABA Weekly ChartTurning our attention to the weekly chart, Aliba