1- Alibaba’s stock is down roughly 30% from $318 to $211 Closing at $222, battered by deepening scrutiny of the giant Chinese internet sector and alleged monopolistic practices.
2- Alibaba's has been reached the historical trend line which doesn't break since 2014, And the average price target from the most famous Analysts is $338 up "52% ".
3-Today Alibaba Group announced that the Company’s board of directors has authorized to upsize the Company’s share repurchase program from US$6 billion to US$10 billion (the “Share Repurchase Program”). The Company commenced the execution of its Share Repurchase Program this quarter. What it Directly means That |"share price became very attractive"
4- After all previous observations, in our opinion, we believe that it's the Right Time to go long or add more positions in Alibaba
Sultan Almudhi
Mr WallStreet