SE Tests the 200DMA While Mainland Money Buys Alibaba

BrianTycangco鄭彥渊
01-08

1. $Sea Ltd(SE)$

Almost textbook move in SE. As I mentioned previously, the move to the 147 neckline (resistance) is expected.

And with the stock just below the 200d MA, this could be the end of its spirited rally for now unless something happens that allows it to rally and close above 160 in the coming days.

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

Despite the online platform regulatory news dousing sentiment, Alibaba $BABA still managed to see US$15.5m in net inflows today from mainland investors via the #StockConnect.

Overall appetite for HK stocks remained buoyant with US$1.15B in net inflows today, the 2nd highest in the past 30 days.

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