Chart wise, bullish mode!
Nice Gap up plus breaking out of the upper trend line likely to see further upwards momentum!
Short term wise, I think high probability of testing 115 level. A nice crossing smoothly may likely see her rising up further to 120 than 140.
Please dyodd.
I think likely to see profit taking happening as the US indexes has reversed from positive to negative situation last night. Also she has managed to touch the resistance at about 95+.
Chart wise, bullish trend !
Is good for it to retrace down to form a higher low at about 90-92 and see if it will continue to ride up after taking a breather!
Please dyodd.
Today she has a Gap up moment and close well at 91.60 coupled with high volume this is rather bullish!
Likely to rise up to test 96.70 then 102.31.
Please dyodd.
Chart wise, looks like she is turning into an uptrend mode soon!
She is rising up to test 90 then 100 with extension to 118!
Pls dyodd.
Alibaba Group was established in 1999 by 18 people led by Jack Ma, a former English teacher from Hangzhou, China. From the outset, the company’s founders shared a belief that the Internet would level the playing field by enabling small enterprises to leverage innovation and technology to grow and compete more effectively in the domestic and global economies. Since launching its first website helping small and medium-sized enterprises in China to sell internationally, Alibaba Group has grown into a digital ecosystem with businesses comprising China commerce, international commerce, local consumer services, Cainiao, cloud, digital media and entertainment, innovation initiatives and others.
- Revenue was RMB208,200 million (US$30,316 million), an increase of 2% year-over-year.
- Income from operations was RMB15,240 million (US$2,219 million), a decrease of 9% year-over-year.
- Adjusted profit rose 5% to $2.79 a share.
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