Thursday, August 23, 2018 3:47:23 PM
Shares of Alibaba (BABA) surged this morning after they reported stellar earnings. However, during the conference call, the company warned about the impacts of tariff rules and the trade war between the US and China. The stock has collapsed and will continue to collapse to first target $160. Once there, a bounce is expected before it proceeds to $125.00 as a final resting target price. There, a longer swing trade can be taken.
Gareth Soloway
InTheMoneyStocks
Recent BABA News
Avant Technologies Equipping AI-Managed Data Center with High Performance Computing Systems • AVAI • May 10, 2024 8:00 AM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement • ELEM • May 8, 2024 9:05 AM
Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM
