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Alibaba Stock Price Faces Headwinds Ahead of Earnings

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E-commerce giant Alibaba will report on 15 August, and weaker performance is expected due to growing competition and a slowing Chinese economy.

Forex Update: As of 14:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: -0.01% 🇪🇺EUR: -0....

​Despite this, there are signs of bullishness in the short term. The price has risen from its April lows, forming higher lows in late June and at the end of July. Notably, it rapidly shrugged off weakness at the beginning of August.

 

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