Hello fellow traders and investors, here's another trade idea. BABA has recently pulled back to the trendline that acts as a support, if BABA makes a recovery to the top trendline it offers a 25% ROI.
Technicals: The Macd indicates that it's oversold and in an uptrend The EMA's have just crossed over and are in an uptrend
When To Buy: Now is a good time to buy.
When To Sell: I recommend selling at the top trendline for around a 25% ROI.
Fundamentals: BABA engages in the online sale of items on their e-commerce platform. They have a market cap of 674 billion dollars, a debt/equity of 0.13, a P/E of 27, growth in sales of 37% Q/Q, earnings per share growth of 47.50%, an ROI of 6.70% since they try to offer their products at a very low cost their ROI has to be low.
Rating: 100/100 the technicals are good and the fundamentals as well so it deserves a 100/100 rating.
NOTE: I might be buying some shares at the market open depending on market conditions.
I hope you enjoyed this quick analysis and many more to come. If you enjoyed leave a like, follow, comment your thoughts and share this trade idea. Thanks.
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