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Wednesday, 19 September 2018

Alibaba Group Holdings (NYSE: BABA): 19 September 2018, Wednesday, 10.02pm Singapore Time


Alibaba Group Holdings (NYSE: BABA): 
19 September 2018, Wednesday, 10.02pm Singapore Time
(Click on Technical Chart above to Expand)

Attached above is the technicals for Alibaba Group Holdings that is listed in the US Market (NYSE: BABA). Despite the technical breakdown, I am officially ending my bearishness on Alibaba now -- prematurely. Those who chalked up Alibaba shorts with me at $172.23, you can take all profits now at $161.34. I am bullish or at least not bearish on Alibaba anymore. It looks like Alipay's Union with Unionpay in China may reap even more explosive rewards.

Past Alibaba Analyses:
http://donovan-ang.blogspot.com/search/label/Alibaba

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