Alibaba: Technicals More Positive Than Fundamentals

Dec. 07, 2022 1:39 AM ETAlibaba Group Holding Limited (BABA)6 Comments

Summary

  • Chinese stocks have staged a strong rally in the last month.
  • The company's fate is highly dependent on moves by the CCP and PBOC.
  • Alibaba's fundamentals are shaky, but the technical picture is more encouraging.
  • Technically Crypto members get exclusive access to our real-world portfolio. See all our investments here »
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alexsl

Thesis Summary

Alibaba Group Holding (NYSE:BABA) recently published disappointing Q2 results. The company is facing slowing growth, and to make matters worse, Chinese regulation and monetary policy are not making things better for the company.

When BABA had great fundamentals, it

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Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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