BABA and NIO Show Strong Bullish Trends

BrianTycangco鄭彥渊
09-12

Amazing how good pr and consistent guidance can help reignite bullishness in a company. A lot of Chinese firms can benefit from this kind of interaction with the investing community.

1. $Alibaba(BABA)$ $BABA-W(09988)$

Something that BABA has that no other US ecommerce giant can hope to achieve: Stock Connect access giving tens of millions of mainland stock investors the first opportunity to own shares. Investors know they’re getting a good deal today.

1st day HK volumes were off the charts. 2nd day was about 2x daily average. The longer term expectations are for 20% higher volumes for Alibaba in HK due to influx of mainland investors.

2. $NIO Inc.(NIO)$ $NIO-SW(09866)$

NIO is holding the line at $5.50. Stock is digesting the gains and exhausting sellers while staying above the 200 MA. That looks like it's setting up for another move higher.

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https://x.com/BrianTycangco/status/1833903987248275656

NIO Jumps 15% Post-Earnings! Will the EV Giant Break $5?
NIO's revenue for Q2 2024 reached 17.45 billion RMB, compared to 8.77 billion RMB in the same period last year. After NIO released its financial report, the stock rose by 15% yesterday. ------------ Will NIO finally rebound? Is it a breakout possible? Would you add at $5? Are you still holding NIO?
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