BABA Chart Analysis
BABA Analysis done on five minute and daily candles. Major indexes are facing correction fears, but BABA is way ahead of the charts considering the decline it has had the last quarter. American investors are already skeptical of investing in Chinese companies due to a history of business misconduct and improper earning reports, and now with government regulation striking down; we’re seeing the impact. BABA in itself is a great company, and their earnings prove they have a strong future, but we’ve been getting warnings from the SEC about investing in Chinese listed companies, making it a high risk investment long term. Now with Evergrande’s new default potential, stocks in the Chinese listed sector are likely to hurt even more....