Forget the slower moves of $Alibaba(BABA)$ and BIDU. $ZW Data Action Tech(CNET)$ looks like a more agile Chinese tech stock with catalysts from AI and Web3. After the recent meeting, it seems like the one to keep an eye on for potential growth.
$Alibaba(BABA)$ The stock isn't likely to drop tomorrow. The 115 level was resistance, and it's closing well above that. Some people were buying a lot of puts yesterday.
$Alibaba(BABA)$ The past week saw some recovery for Alibaba, and now it feels like it could be NIO's turn. I'm watching for a possible overnight squeeze, maybe around 5%. My price target for 2026 remains at $12.
$Alibaba(BABA)$ Quadrupling the buyback size is the ultimate signal. When a company of this scale acts with such urgency, I pay attention. I've seen this kind of setup before, where insider conviction precedes a major rerating. I'm not focused on trading the noise; I'm looking at the long-term blueprint for BABA.