Alibaba stock Analysis – BABA Stock Forecast today (Week 29/06/20) with Technical Analysis

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Based on Technical Analysis The Idea is to go long - Just wait the right time to go long. Prices might keep going down to test the tentative trendline before going up again.

Fundamental Analysis:

Serial share-price-target increases by analysts on Apple and Amazon failing to generate fresh impetus for investors to commit new money into them aggressively. For now, at least.

SINGAPORE (Reuters) - Southeast Asian e-commerce firm Lazada, a unit of Alibaba Group Holding Ltd, on Friday named its third chief executive in three years - a move that comes after it lost ground last year to rival Shopee.
Chun Li, Lazada co-president and head of its Indonesia operations, will take the helm from July, replacing co-founder Pierre Poignant.
https://in.finance.yahoo.com/news/alibabas-lazada-appoints-chun-li-061041845.html
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