BABA, PDD & CEG Show Strong Bullish Trends

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

Southbound Stock Connect net buying in HK from mainland investors. Big day today!

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On Thursday (9/19), almost half of Alibaba's HK trading volume was due to mainland buying via the Stock Connect. Around 43m shares! The Stock Connect inclusion is having a major impact on Alibaba's performance south of the China/HK border.

2. $PDD Holdings Inc(PDD)$

PDD is back above its trendline support after the surge in CN equities overnight in the US.

BUT until management gives more clarity on their god-awful guidance in 2Q24 briefing, people are likely going to be keen to sell the rally on this one.

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3. $Constellation Energy Corp(CEG)$

Constellation Energy is up 118% YTD after that 22% surge on Friday following news it will help restart ThreeMileIsland to provide energy to $Microsoft(MSFT)$ power hungry data centers.

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https://x.com/BrianTycangco/status/1837022279647060461

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  • VivianChua
    ·09-24
    Nice💚💚💚
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