Alibaba stock rising on gains on China & Hong Kong policy easing: here is where to buy

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Alibaba stock has been slowly regaining ground after declining since mid-October 2020.

The stock has been affected by a myriad of events including pressure by the US governments on Chinese companies operating in the USA. Alibaba has specifically been a target of investigation for its Cloud product which the US government is investigating for data-breach that would affect national security.

To help stock investors interested in investing in Alibaba stock, Invezz has created a brief article on what it is and where to buy it.

To find out more, please continue reading.

Where to trade Alibaba stock

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What is Alibaba stock?

Alibaba stock is the stock of Alibaba Group Holding Limited and it trades on the Hong Kong Stock exchange under the symbol HKG: 9988. It also trades in the New York stock exchange under the symbol NYSE: BABA.

Alibaba Group Holding Limited, also known as Alibaba Group, is a multinational technology company that specializes in retail, internet, e-commerce, internet, and technology.

Alibaba runs the Alibaba.com eCommerce website.

Should I buy Alibaba stock (BABA) today?

If you are looking for a tech stock that has been on the decline but just started rising, then the Alibaba stock could be a good choice.

Nevertheless, there are still a number of factors that could result in a continuation of Alibaba stock dip; among them the pressure by the US on Chinese companies operating in the USA.

Alibaba stock price prediction

After a long bear market, the price of Alibaba stock is slowly gathering a bullish momentum and analysts believe it could be poised for a comeback in 2022.

Analysts have set their eyes on the price target of $130 before the end of February 2022.

$BABA stock social media coverage

“But Tuberville continued to buy and sell hundreds of thousands of dollars of Alibaba stock or stock options in 2021, according to federal financial filings.

And while Tuberville has rid himself of his Alibaba investment, he continues to actively trade …”https://t.co/He5KNBvEyp

— John Gunn (@JuntoGunto) February 15, 2022

$BABA Huge potential breakout watch for me, nice ascending triangle here on the 15min

Liquid options chain, stock also beaten down considerably. High alert for a breakout here pic.twitter.com/9QfjRyk9m0

— FSTrades (@FSTrades) February 16, 2022

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