$BABA is looking to break out
$Alibaba(BABA)$ $BABA-W(09988)$ is looking to break out. Even $JD.com(JD)$ $JD-SW(09618)$ $NetEase(NTES)$ $NTES-S(09999)$ $Trip.com Group Limited(TCOM)$ and many more looking strong.
This has little to do with Trump's TikTok turnaround and more to do with an improving economy.
Real estate underpins consumption. And real estate has been recovering in most major cities, with green shoots appearing in lower-tier cities.
China continues to maintain a very accommodative policy language. This is likely to lead to concrete measures to boost consumption beyond car and home appliance subsidies.
But don't expect another wild rip like we saw in September 2024.
Image
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.
