$Alibaba(BABA)$ πβ‘π― BABAβs Big Buy-Up, Mainland Maestros Strike Again! π―β‘π
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 isnβt just pluck, itβs a BABA blockbuster scrawled with outrageous swagger!
Whatβs sizzling for Alibabaβs stock? This isnβt a shy nudge, itβs a booming haka from mainland bigwigs, betting hard that BABAβs a diamond set to shine. Theyβre 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 BABAβs next bonfire. Last close hit $140.62 (up 0.48%), but overnightβs dipped to $137.90 (down 1.93%) as of 10 Mar 25, NZ time, dip to snag or pause for breath?
TradingViewβs mean targetβs 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:
π’ 28 Buy
π‘ 10 Hold
π΄ 1 Sell
Capital flows are roaring, northbound buyingβs 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, thatβs a screaming green light for momentum hounds!
Top analyst zingers:
ποΈ βAlibabaβs core growth still yells undervaluationβ β Bernstein
ποΈ βSmart moneyβs stacking chips on BABAβs restructuring winβ β JP Morgan
ποΈ βAI and e-commerce syncing up under new brass? Strap in!β β Citi
Competitor rundown (by volume):
1. JD.com (JD): π’ 15 Buy, π‘ 8 Hold, π΄ 2 Sell
2. PDD Holdings (PDD): π’ 18 Buy, π‘ 6 Hold, π΄ 1 Sell
3. Tencent (0700.HK): π’ 22 Buy, π‘ 7 Hold, π΄ 2 Sell
Fun Fact
BABAβs market capβs 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 BABAβs 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!
π’ Please Like, Repost, and Follow me for razor-sharp setups, stock trends, and insights that hit the mark! ππ Iβm all about sniffing out the next big movers and dishing strategies that stack wins. Letβs trade sharp and grow together! πππ
Happy trading ahead! Cheers, BC πππππ
Modify on 2025-03-10 04:16
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might be a good call for a "dip buy"... let's check how the day goes
thanks BC. great article π
Looks like it's dipping for that snag BC! Great write up as always!!! π
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Great article, would you like to share it?
Great article, would you like to share it?
Great article, would you like to share it?