Next level of support ??? For NYSE: BABA By Moshkelgosha


130 could be next assistance level for the largest Chinese company in the market!
While everyone is talking about the $ 300 billion Evergrande problem, no one is paying attention to the 1.5 times bigger problem of BABA.
If you look at the fundamentals of BABA, it might be the most undervalued stock on the market, but systematic risk is pushing it lower and lower every day!

220-230 is the fair value for BABA according to fundamentalists, but it looks like in the near future BABA will not pay attention to these numbers!

We will wait and see, but his rebound must not be missed. Bypassing BABA at these prices is not recommended ..!


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