Alibaba may be undervalued. Again, this doesn't mean it'll resume growth. Technically, the stock is still in a downtrend. It attempted to complete its bottom but failed. Not a good sign.
PayPal is a solid company that appears to be close to its fundamental value. I don't see strong institutional accumulation, though. They might be just supporting the stock to protect it from tanking big time. In my opinion, opening a position in PayPal at this point is low risk. However, this doesn't mean it'll resume an uptrend soon. We just don't know and can't forecast. I'd love to see strong institutional accumulation but I can't see it. This can mean the current bottom formation can last for several quarters (not predicting).
Alibaba may be undervalued. Again, this doesn't mean it'll resume growth. Technically, the stock is still in a downtrend. It attempted to complete its bottom but failed. Not a good sign.
PayPal is a solid company that appears to be close to its fundamental value. I don't see strong institutional accumulation, though. They might be just supporting the stock to protect it from tanking big time. In my opinion, opening a position in PayPal at this point is low risk. However, this doesn't mean it'll resume an uptrend soon. We just don't know and can't forecast. I'd love to see strong institutional accumulation but I can't see it. This can mean the current bottom formation can last for several quarters (not predicting).