Down -13.51% in 4 Weeks, Here's Why You Should You Buy the Dip in Alibaba (BABA)
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Alibaba (BABA) has experienced a 13.51% decline over the past four weeks, entering oversold territory. The selling pressure may have exhausted, and with Wall Street analysts raising earnings estimates, a trend reversal could be on the horizon.
November 18, 2024 | 4:00 pm
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Alibaba's stock has dropped 13.51% in the last four weeks, reaching oversold levels. Analysts are raising earnings estimates, suggesting potential for a trend reversal.
The stock's significant decline and entry into oversold territory suggest that the selling pressure may have peaked. Coupled with analysts' positive earnings revisions, this indicates a potential upward movement in the stock price.
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