In this video, I talked about why Alibaba (BABA) is down around 37% from its recent high. Alibaba BABA was fined by regulators and there was a lot of fear, uncertainty and doubts surrounding the company.
According to fundamental analysis, the company is financially strong and is extremely undervalued right now.
Based on technical analysis, now is the best time to buy Alibaba BABA stock as the stock price retraces 37% and bounces off 200 MA.
#Alibabastock #BABA #shorts