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