Alibaba, once the talk of the town some years back had suffered a lot of backlash with news saying the disappearance of Jack Ma, how he offended the government, rumours he retired in Thailand, etc.
From the day chart, we can see a nice trend reversal pattern that is being played out with HL and HH patterns. This signify a trend reversal and it is breaking out from the bearish trend line, another strong indicator.
I like how the management is centering its focus on its core business - Ecommerce and Cloud and investing on AI which is the next pillar of growth , both for China and globally. It is doing the right things - doing shares buybacks , offering dividends to shareholders, divesting non-core businesses, letting the younger ones to run the business and retires the old guards, etc.
I am vested so please DYODD
From the day chart, we can see a nice trend reversal pattern that is being played out with HL and HH patterns. This signify a trend reversal and it is breaking out from the bearish trend line, another strong indicator.
I like how the management is centering its focus on its core business - Ecommerce and Cloud and investing on AI which is the next pillar of growth , both for China and globally. It is doing the right things - doing shares buybacks , offering dividends to shareholders, divesting non-core businesses, letting the younger ones to run the business and retires the old guards, etc.
I am vested so please DYODD
註釋
So much for the rise in May last month , sending cheers to the investors who mostly suffered paper losses who average in around 200+ dollars........only to be disappointed by its shortlived rally......註釋
those who bought at the 70-80 price level would be quite happy with their returns as it has moved past the 100 dollars mark and continues to go higher
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