$Alibaba(BABA)$ ๐โก๐ฏ BABAโs Big Buy-Up, Mainland Maestros Strike Again! ๐ฏโก๐
Esteemed BABA traders, cop this dazzling scoop straight from the mainland! Over the weekend, those sly wizards of wealth jacked their Alibaba stake to a regal 7.25%, nabbing another 22 million shares with the slickness of a magician pocketing the ace of spades! They now clutch a whopping 1.38 billion shares of 9988.HK through the Stock Connect programme via HKEX Group. This isnโt just pluck, itโs a BABA blockbuster scrawled with outrageous swagger!
Whatโs sizzling for Alibabaโs stock? This isnโt a shy nudge, itโs a booming haka from mainland bigwigs, betting hard that BABAโs a diamond set to shine. Theyโre drooling over its e-commerce empire, AI wizardry, or a growth burst lurking round the corner. With China loosening the regulatory chokehold and juicing the economy, this could be the match to light BABAโs next bonfire. Last close hit $140.62 (up 0.48%), but overnightโs dipped to $137.90 (down 1.93%) as of 10 Mar 25, NZ time, dip to snag or pause for breath?
TradingViewโs mean targetโs now tipped at $162.80, with support hardening at $135, and resistance teasing the 52-week peak of $145.36. Analysts are frothing, mostly bullish:
๐ข 28 Buy
๐ก 10 Hold
๐ด 1 Sell
Capital flows are roaring, northbound buyingโs spiked, with volume smashing 31.90M shares, and market cap ballooning to $334.1B. At a forward P/E of 15.48, and a tidy 1.41% dividend yield, thatโs a screaming green light for momentum hounds!
Top analyst zingers:
๐๏ธ โAlibabaโs core growth still yells undervaluationโ โ Bernstein
๐๏ธ โSmart moneyโs stacking chips on BABAโs restructuring winโ โ JP Morgan
๐๏ธ โAI and e-commerce syncing up under new brass? Strap in!โ โ Citi
Competitor rundown (by volume):
1. JD.com (JD): ๐ข 15 Buy, ๐ก 8 Hold, ๐ด 2 Sell
2. PDD Holdings (PDD): ๐ข 18 Buy, ๐ก 6 Hold, ๐ด 1 Sell
3. Tencent (0700.HK): ๐ข 22 Buy, ๐ก 7 Hold, ๐ด 2 Sell
Fun Fact
BABAโs market capโs chilling at $334 billion today, but back in 2020, it was strutting at $850 billion! Is this phoenix fluffing its wings for a comeback?
Hey Tiger Traders, you piling your BABA cart for a moonshot, or reckon this surge is all hot air?
Mainland capital flows hint BABAโs got legs for the next quarter. This relentless buying, paired with volume popping off, could shove it past $145 resistance if sentiment holds. AI breakthroughs or policy sweeteners might even nudge it toward $160 by June, keep an eye on the tape!
๐ข Please Like, Repost, and Follow me for razor-sharp setups, stock trends, and insights that hit the mark! ๐๐ Iโm all about sniffing out the next big movers and dishing strategies that stack wins. Letโs trade sharp and grow together! ๐๐๐
Happy trading ahead! Cheers, BC ๐๐๐๐๐
Modify on 2025-03-10 12:16
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might be a good call for a "dip buy"... let's check how the day goes
thanks BC. great article ๐
Looks like it's dipping for that snag BC! Great write up as always!!! ๐
Great article, would you like to share it?
Great article, would you like to share it?
Great article, would you like to share it?
Great article, would you like to share it?