https://sporeshare.blogspot.com/2024/09/alibaba-9988hk-chart-wise-bullish-mode.html
Alibaba (9988.HK) - Chart wise, bullish mode! She is rising up to revisit 100 soon!
With rate cut in China, price may react positively!
breaking out of 100 with with ease, ahe may rise up to test 120 than 140.
Pls dyodd.
Alibaba Group was established in 1999 by 18 people led by Jack Ma, a former English teacher from Hangzhou, China. From the outset, the company’s founders shared a belief that the Internet would level the playing field by enabling small enterprises to leverage innovation and technology to grow and compete more effectively in the domestic and global economies. Since launching its first website helping small and medium-sized enterprises in China to sell internationally, Alibaba Group has grown into a digital ecosystem with businesses comprising China commerce, international commerce, local consumer services, Cainiao, cloud, digital media and entertainment, innovation initiatives and others.
Vision
We aspire to be a good company that will last for 102 years. We envision that our customers will meet, work and live at Alibaba. Our vision for fiscal year 2036 is to serve 2 billion global consumers, enable 10 million businesses to be profitable and create 100 million jobs.
Values
Customers first, employees second, shareholders third
Trust makes everything simple
Change is the only constant
Today's best performance is tomorrow's baseline
If not now, when? If not me, who?
Live seriously, work happily.
Alibaba FY 2023 results:
Revenue was RMB208,200 million (US$30,316 million), an increase of 2% year-over-year.
Income from operations was RMB15,240 million (US$2,219 million), a decrease of 9% year-over-year.
Adjusted profit rose 5% to $2.79 a share.
Chart wise, A nice gap up price pattern spotted on the chart yesterday, looks rather interesting!
Short term wise, with Nasdaq turning into an bullish uptrend mode direction I think Alibaba price may likely rise up to reclaim 90 then 96 with extension to 110.
Last night US side Alibaba closed positively looks like HK side may follow.
Pls dyodd.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
- JackPowell·09-26TOPI agree, the chart looks bullish and Alibaba's growth potential is promising. Exciting times ahead1Report
- Sporeshare·09-27today likely crossing over 100.00. US side closed at 105+, awesome1Report