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Playlist: BABA:xnys

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1:24
#SinglesDay - What does this tell us about the Chinese economy?
Alex Forrest Whiting
11 November 2015 at 11:25 GMT
3:41
#SinglesDay - Can Alibaba deliver what investors want?
Peter Garnry
10 November 2015 at 8:54 GMT
4:14
Alibaba - just how worried should investors be?
Peter Garnry
24 September 2015 at 7:36 GMT
2:22
Why investors should still believe in Alibaba
Alex Forrest Whiting
14 August 2015 at 7:24 GMT
1:57
Berger: Alibaba "scares the pants off" the bears
Serge Berger
18 May 2015 at 6:48 GMT
2:24
Earnings Season: Yahoo! unlikely to deliver Q1 cheer
Peter Garnry
21 April 2015 at 7:07 GMT
3:12
Is this Alibaba's Facebook moment?
Peter Garnry
19 February 2015 at 13:27 GMT
3:03
Taming the dragon - how to trade Chinese stocks
Pauline Loong
10 February 2015 at 8:12 GMT
2:23
Garnry: Don’t dismiss Alibaba
Peter Garnry
30 January 2015 at 8:26 GMT
1:59
NASDAQ week: 10 top tech stocks
Alex Forrest Whiting
24 November 2014 at 14:35 GMT
3:31
Like Facebook? Why you'll love Alibaba
Peter Garnry
05 November 2014 at 13:38 GMT
2:18
What you need to know about Alibaba's results
Alex Forrest Whiting
04 November 2014 at 8:29 GMT
4:04
Yahoo, Apple, Google – the battle of the Tech giants
Alex Forrest Whiting
22 October 2014 at 13:53 GMT
Video / 18 May 2015 at 6:48 GMT

Berger: Alibaba "scares the pants off" the bears

Serge Berger
Alibaba, the Chinese e-commerce retailer, reported a 45% increase in revenue on May 7th. With more than USD 2.8 billion in revenue the bulls returned to the stock, according to Serge Berger, better known as The Steady Trader. After reporting earnings the stock gapped higher above the key resistance level of USD 86, which Serge says “scared the pants off” the bears. Alibaba had lost 33% of its value since its peak in November and was trading below the USD 80 support level ahead of its most recent earnings. Additional concerns surrounding China’s slowing growth and the sale of counterfeit goods had pressured the stock.
 
Serge however believes that the stock “looks sound” from a long-term technical perspective. He is looking to buy shares of Alibaba around USD 89 with a price target of USD 93. A stop can be placed at USD 86.

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