Alibaba September 2021 forecasts, is it time to buy? Antonio Ferlito
Technical analysis: Negative situation, with the price below the MA 20/100.
Fundamental analysis: the stock has lost 40% in a few months due to China's crackdown on the private sector. Alibaba received a maxi fine of 2.8 billion for abuse of dominant position.
The stock is solid, with over 1 billion customers and +45 million customers registered in the last quarter.
Record growth is expected for the e-commerce market, this is good news for the stock. In a short time, you will be able to buy Alibaba.
Antonio Ferlito born in the south of Milan, winner of the Traders'cup, since 2008 he doesn't miss a day of stock exchange.
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