BABA
🇨🇳 Alibaba, once considered the ‘Amazon of China,’ has faced significant challenges due to Chinese government regulations and anti-monopoly issues but remains fundamentally strong.
📊 The company boasts impressive financials, with over $130 billion in annual revenue and $23 billion in net profit, making it undervalued compared to its peers.
💹 Technical analysis shows a potential breakout from a three-year range, with increasing volume and price action, suggesting renewed investor interest.
@VisionariosBolsa:
“Alibaba (BABA) is seeing significant accumulation by big investors, including David Tepper, who has it as the top holding in his portfolio. Known as the ‘Amazon of China,’ Alibaba faced challenges due to Chinese government regulations and anti-monopoly issues. However, it remains fundamentally strong, with a market cap of $315 billion and annual revenues exceeding $130 billion. The company is generating $23 billion in net profit, indicating it is undervalued. Recent price action suggests a potential breakout from a three-year range, supported by increasing volume. However, it faces political and macro factors in China. The recommendation is to wait for a clear breakout above resistance levels to confirm the uptrend before investing.”
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