Alibaba Pulls Back on Light Volume
$Alibaba(BABA)$
$176.72 (−1.52%): Pullback on light volume; hold $175 keeps $180–$184 rebound path open
Market Recap (as of Oct 29, 2025):
Alibaba slipped −1.52% to $176.72 on a quiet tape (range $175.24–$179.36). Volume 11.85M vs 19.13M avg (~0.62×), suggesting profit-taking rather than trend change.
Shares sit ~8.3% below the 52-wk high $192.67. Pre-market indications show a modest bid around $180.4.
Technical Indicators Analysis:
RSI(14) ~57 (neutral-bullish) and MACD histogram is contracting toward zero—momentum stabilizing after a brief fade. Price holds above short-term EMAs;
a reclaim and close back over $180 would reassert the up-channel. Base case next 1–3 weeks: sideways-up. A firm push/close > $184 opens $188–$192; a daily loss of the floor drags a retest toward $171–$168.
Support: $175.2-$176.0
Resistance: $180.0-$184.0
Valuation and Target Range:
TTM P/E ≈ 20.4×, below the S&P 500 (~25×) and consistent with large-cap China ADRs’ discount; forward dividend yield ~0.59%.
Near-term trading map: hold $175–176 → aim $180–$184; sustained breakout > $184 targets $188–$192 into earnings (Nov 14).
Risk Statement:
China macro/FX headlines and ADR policy risk can overwhelm technicals; earnings/guidance may cause gaps. This is technical commentary only, not investment advice—use strict risk controls.
Data Source: Yahoo Finance & TradingView (daily chart, Oct 29, 2025). Prepared by Tiger Morning Brief | For internal use only.
For SG users only, a tool to boost your purchasing power and trading ideas with a Cash Boost Account!
Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with upcoming 0-commission, unlimited trading on SG, HK, and US stocks, as well as ETFs. Find out more here.
Other helpful links:
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.
