Fundamental side of the Idea:

With a five-year annualized earnings growth rate of 29% and a sales growth rate of 47%, it’s hard to find a company with a more impressive track record of growth than Alibaba. It’s been a big winner since its IPO in September 2014.

Expectations were high for Alibaba’s Singles Day annual shopping event in November, and the company didn’t disappoint as sales nearly doubled from the year-ago period to $74 billion.

The company has been able to stay in growth mode despite a slowdown in its core e-commerce business.

Alibaba’s business in China looks a lot like Amazon’s in the U.S. Alibaba’s cloud-computing business is showing solid growth, just like Amazon’s booming web services business.

Annual return on equity of 21% and pretax margin of 31.3% help its top-notch SMR Rating (sales + margins + return on equity) of A from IBD Stock Checkup. With Stock Checkup, you can easily see who the group leaders are based on a combination of fundamental and technical factors.

For its current fiscal year 2021, earnings per share are expected to jump 36%, with 15% growth seen in fiscal 2022.

Technichal side of the Idea:

I am waiting for the price at 0,38 level (202,97USD), if the Price rebounded from this zone I am going to buy. But if the price breaks this zone, the stock Price could decrease more in.
There is a possibility that the price will increase to 247,58 USD, after that we may see a pullback to 225,41 USD before the price starts to increase again .



If you have any questions, Do not hesitate to contact me .
Sara Sadki
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