Score 9.3 (out of 10): ALIBABA poised to rally -9.3% drop in 1 month

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What’s Going On Here?

ALIBABA GROUP HOLDING-SP ADR has reached a new shorter-term low. Previously, during similar occasions, ALIBABA GROUP HOLDING-SP ADR shares had a median return of -9.3%, over the following 1 month based on 10 historical occasions with 10 of those showing negative returns (100% hit ratio). This sell signal for ALIBABA GROUP HOLDING-SP ADR received a high score of 9.3 (out of 10). This insight was generated on 2023-April-25 with last price of 82.92.

ALIBABA GROUP HOLDING-SP ADR is in the E-Commerce/Products business. Based on the last 2 years’ risk/return profile, this asset is seen as Very Risky. Ticker symbol: BABA US.

Historical Chart:

-20.9% (February-2023), -7.4% (October-2022), -10.7% (August-2022), -7.8% (April-2022), -4.2% (February-2022), -21.2% (November-2021), -11.8% (August-2021), -2.9% (May-2021), -11.9% (March-2021), -6.4% (November-2020).

We found 1 month to be the optimal trade horizon, after testing a number of possible alternatives (accuracy of previous returns). Otherwise consider closing out this trade once the target level of 75.24 (-9.3%) has been reached. Based on ALIBABA GROUP HOLDING-SP ADR’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 88.72 (last price at 82.92), which is equivalent to a 7% rally.

Historical Chart:

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