Wednesday, 12 August 2015

BABA - post earnings depression

Alibaba (BABA) upset the market on earnings, printing $69s in pre-market, settling -5.1% @ $73.38. Near term outlook offers a moderate bounce, but broadly, new lows below the IPO of $68 look due.

BABA, daily


Little to add.

Assuming broader equity market downside across Sept/Oct', BABA looks very vulnerable.