$Alibaba(BABA)$ Strong breakou-To The Moon - Tiger Brokers Online Investing Community - To The Moon

$Alibaba(BABA)$

Strong breakout on weekly chart.

Double bottom in place.

MACD supportive.

RSI not oversold yet.

This one has more to run! 🐎

BABA vs. PDD: Which Company is Your Pick?

Pinduoduo rises 5% after earnings beats. Revenue for Q1 2024 was 86.81 billion yuan, an increase of 131% year-over-year. It exceeds the market expectation of 75.6 billion yuan. Alibaba and Pinduoduo both has a relatively low P/E. But it's very hard to bet on Chinese stocks. Alibaba declines 3% as it is considering selling convertible bonds to raise $5 billion. ------------- If you want to buy China's e-commerce company, which is your pick?

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