Alibaba Stock Forecast: $BABA shares stubbornly hold onto $90s
back above the all-important $100 psychological level, however. Despite Beijing claiming that its internet firm crackdown is over, investors have had their government obstruction fears replaced by economic worries. The most recent data out of China relayed a drastic pullback in almost every category due tosaid that in the January through April period Chinese-focused private equity and ventural capital firms have raised just 10% of what they raised in the first four months of 2021.
has remained above $90 for four straight sessions, but this week it has closed lower than its open in both sessions. needs to complete a higher close this week to retain a positive sentiment and have a hope of retaining the $90 level going into next week., which has shown the MACD line growing its distance above the signal line. If they can maintain this trajectory above the zero bound, then a true rally makes be in the works. Of course, the main thing to look for is whether
can sustain a close either above or below the wedge trend lines. At the moment these are at