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



Summary

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.