Comparing Alibaba's HK Shares and ADR
Take a look at these two Alibaba charts. One is for its HK-listed shares $BABA-W(09988)$ , while the other is for the ADR $Alibaba(BABA)$ .
Crazy how the ADR likes to give out these false breakdowns that don't seem to occur in the HK counter.
This is why it's always important to wait for confirmation of a move, whether bullish or bearish.
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Mainland investors bought up a net 28.7m more shares in Alibaba via the Stock Connect over the past week as the company announced 2QFY25 results, which beat earnings expectations. Ownership by Chinese investors now at an ATH of 3.84%.
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