Oliver, I decided to stay away from Chinese stocks even if they're traded on American exchanges. They don't always comply with listing requirements and adopt obscure financial practices. Not to bash $BABA here - I'm not blaming them for anything in particular. It's that some Chinese stocks have had issues on US stock exchanges.
Now, technical analysis suggests the stock is below its fundamental value. There was institutional accumulation between $88 and $100. But... This doesn't mean the stock is about to surge. Overall, $BABA is a solid company but I see other bargains in the market.
Oliver, I decided to stay away from Chinese stocks even if they're traded on American exchanges. They don't always comply with listing requirements and adopt obscure financial practices. Not to bash $BABA here - I'm not blaming them for anything in particular. It's that some Chinese stocks have had issues on US stock exchanges.
Now, technical analysis suggests the stock is below its fundamental value. There was institutional accumulation between $88 and $100. But... This doesn't mean the stock is about to surge. Overall, $BABA is a solid company but I see other bargains in the market.
Interesting comments about Chinese stocks on US exchanges Denis, I'll do some more research.
Completely agree there's some bargains out there as well. I have a few on my watchlist.