Wednesday, 6 December 2017

BABA - mid term super strong

Alibaba (BABA) saw the first gain in 7 trading days, settling +2.2% at $172.63. Near term outlook offers a little chop. More broadly, new historic highs (>191.75) are due in early 2018. M/t bullish to 225/50 by mid 2018.

BABA daily

BABA monthly


Little to add.

BABA has proven sig' profits, and looks fine for the mid term. November settled weak, and we're currently net lower for a second month.

A valid, if somewhat more speculative alternative is JD.