Alibaba Group Holding Ltd

  • BABA

  • $83.16

  • -2.83%

  • $83.60

  • $83.68

  • $82.64

Ticker Appearances

Fri, August 23, 2024 | 10:57AM ET

⚡ FlashInsights

Fri, August 23, 2024 | 10:57AM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy
🔥 🔥 🔥
BABA -2.83%  up to multi-month highs today as shareholders approved a dual listing, to upgrade its Hong Kong listing to primary status on 8/28, which could attractive billions from mainland China. This allows Alibaba to join a program that will connect the Shanghai exchange to Shenzhen and Hong Kong exchange. This can allow for lots of buying to the tune of 10-20 billion, on top of the company buying 20 billion" Given that BABA makes up 10% of FXI -2.08% , this is very good news for China's Equity ETFs in the near-term. BABA should get to 90 which is important technically and above would allow for a very big rally to test last Jan 2023 peaks near $121
Tickers

Daily Technical Strategy
Mon, May 13, 2024 | 6:37PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy

AAPL behavior gives confidence ahead of this week’s CPI print

EQUITIES HAVE EXTENDED GAINS AND HAVE NOW COME WITHIN STRIKING DISTANCE OF LATE MARCH PEAKS.   SPX HAS NEARLY RECAPTURED ALL OF THE PERIOD OF WEAKNESS...

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Daily Technical Strategy
Mon, April 1, 2024 | 8:35PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy

Materials sector raised to Overweight as commodity rally gains momentum

I CONTINUE TO SEE THE US STOCK MARKET AS BEING ATTRACTIVE, TECHNICALLY SPEAKING, AND DO NOT FEEL SUFFICIENT RISK IS THERE TO WARRANT A SELLOFF...

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Daily Technical Strategy
Tue, November 14, 2023 | 8:04PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy

US Equity indices achieve Breakout on very positive breadth

SPX, DJIA, RUSSELL 2000, DOW JONES TRANSPORTATION AVERAGE, AND THE EQUAL-WEIGHTED S&P 500 HAVE ALL JOINED QQQ IN BREAKING DOWNTRENDS FROM LATE JULY PEAKS.   NYSE...

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