Alibaba Shares Soar After Historic Overhaul Heralds IPO Wave It will regroup along six main business lines with new CEOs The overhaul is Alibaba’s biggest since its founding years ago _________________________________________________________ BABA has been moving in the 70 to 120 range for many months. It continues to move in the range after the historic overhaul.
professional writers wrote : Alibaba shares tumble after SoftBank reportedly sells most of its stake PUBLISHED WED, APR 12 20236:26 PM EDTUPDATED 2 HOURS AGO Jonathan Vanian@JONATHANVANIAN SHARE KEY POINTS The Financial Times analyzed regulatory filings and learned that SoftBank sold roughly $7.2 billion worth of shares in the Chinese ecommerce giant via prepaid forward contracts. Just three years ago, SoftBank maintained a nearly 25% stake in Alibaba worth over $100 billion. SoftBank and its Vision Fund have been posting huge quarterly losses amid a slowdown in the tech sector that has hammered valuations. _____________________________________________ traders wrote : BABA has been moving in the 70 to 120 range for many months. It continues to move in the range until the chart says otherwise. _____________________________________________ hmmmm.... OP using a magical miracle indicator still hanging on to $BABA.
Alibaba’s Hong Kong shares drop 10% after it shelves cloud spinoff, citing U.S. chip restrictions PUBLISHED THU, NOV 16 20236:57 AM ESTUPDATED 29 MIN AGO Ryan Browne@RYAN_BROWNE_ _______________________________________ The $79 level is still well supported.
OP is MIA since July? As for me, I sold after Ma criticized China's financial system. In that political system BABA was dead meat after that.
Jack Ma talked about pawn shop financial mentality. It is better not to question China's ideology. The Western mentality is different; They talk about freedom, & more freedom. Anyway, OP's miracle magical indicator is very good (if we do the reverse).