Revisting this beautiful chart of $BABA

Revisting this beautiful chart of $Alibaba(BABA)$ $BABA-W(09988)$ . Of course the last thing we want to see is a breakdown below that new trendline.

Mainland Chinese investors continue gobbling up shares through the StockConnect. They now own 3.6% or 691.4m shares. That's an increase of 46.9m shares over the past week.

My estimates appear to be within ballpark that 20% to 25% of Alibaba's HK trading volume will be driven by mainland investors. That's not nothing.

We are hitting peak SinglesDay shopping season in China. Plus, we have a likely boost to consumption via stimulus measures later this week. Expect that boost to be bigger should Trump win back the White House.

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💰 Stocks to watch today?(22 Nov)

1. What news/movements are worth noting in the market today? Any stocks to watch? 2. What trading opportunities are there? Do you have any plans? 🎁 Make a post here, everyone stands a chance to win Tiger coins!

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