Market

Next support level??? for NYSE:BABA by Moshkelgosha

130 could be the next support level for the biggest Chinese company in the market!
While everyone talks about the 300 Billion dollars problem of Evergrande, No one pays attention to a 1.5x bigger problem of BABA.
If you are looking at the fundamental of BABA it could be the most undervalued stock in the market but systematic risk push it lower and lower every day!

220-230 is the fair value for BABA according to fundamentalists, but it seems in the near future BABA will not pay attention to these numbers!

We will wait and see, but its rebound should not be missed. Shorting BABA at these prices is not recommended..!

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