The Long Investor
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$BABA TOP 10 & TOP 20
🕑 Added 2025-04-09 10:38:12 +0000 UTCPrice dropped below the 200 WMA yesterday to $97 after the +104% Tariff came into effect
China stepped up measures to support its economy then immediately and have signaled that they are open to boosting consumption
Hong Kong Exchange reacted very well and it was reported that a record of HK$35.6 was pumped into the HSI today.
$BABA was the big winner on the HSI exchange and was up +10% at one stage
This has trickled over to the ADRs in the PM now and we see that $BABA is up +5.6% in the PM.
Crucially this is back above the 200 WMA which is at $103
What I would like to see today and this week is the 200 WMA held above $103 and I will add.
This has been mine strategy and I intend to keep to it.
$BABA is still undervalued and gets the majority of its revenue outside of the US, I am backing them here.
Comments
Jonathan
@Cap .. do you think there is a danger of Chinese counters being delisted in US exchanges given current tensions ?
Ians12345
https://x.com/Investingcom/status/1909925540972093579?t=VV2Wp1ipUrOk2HzIEBobKg&s=19
P Phone
What are the odds that I wake up at 5:45, and open up Patreon to a new chart posted “just now” ? Today should be a good day.
