$BABA-W(09988)$ $Alibaba(BABA)$ $BABA-W(09988)$ BABA continue to hang on to the resistance turned support level. It shows that it is a strong support level so far for not breaking down. This week is super critical, if it continue to have no bounce then most likely it will break down. I expect no rate hikes from the FOMC that will have all stocks rally.
$BABA-W(09988)$ $Alibaba(BABA)$ $BABA-W(09988)$ BABA this week should continue to bounce to around 120 and that is the resistance level. I think same like all stock waiting for next week FOMC before the next move up or down. I don't really care short term up or down But I'm predicting the moves based on the charts. Do you believe in the charts?
$BABA-W(09988)$ $Alibaba(BABA)$ $BABA-W(09988)$ BABA charts telling me we should see a bounce at the current price level. I believe it would not break this support level in the short term. I may expect it to bounce to around 120 in the short term.
$BABA-W(09988)$ $Alibaba(BABA)$ BABA new share placement may sound negative but you need to understand that they are rasing cash to invest further into AI. Which is long term positive for BABA. Looking at the chart, I hope it can stay within the parallel channel. I think the downside remains limited since the placement is at 112. I will continue to hold my position, how about you?
$BIDU-SW(09888)$ $Baidu(BIDU)$ $BIDU-SW(09888)$ Baidu seems to bounce at the support level. I think short term it will be continue to be uptrend as it is oversold. I think they have value to be unlock when Kunlun AI chip goes IPO later this year and they will start to do shares buy back. If it drop to the 90 level then I will continue to add.
$BIDU-SW(09888)$ $Baidu(BIDU)$ $BIDU-SW(09888)$ Baidu will report earnings on 18 Aug, from the charts it looks like it may break support level of 100 this week and may bounce around 93 - 95 level. I may add around this price as it is too undervalued it even goes below their book price. They have interesting business coming up like their Kunlun AI chip and Apollo self driving taxi And they are also into AI. I think we will know more from their earning calls tmr.
$BABA-W(09988)$ $Alibaba(BABA)$ $BABA-W(09988)$ Alibaba charts is currently very bullish as it is on a up trending. It may find some short term resistance at the 200 day moving average at about 135 level But if it push above that then we may go back to 190 and beyond I expect all this before the year completes. Alibaba remains 1 of the undervalued AI play. Now 120 will be a good support level.
$BIDU-SW(09888)$ $Baidu(BIDU)$ $BIDU-SW(09888)$ Baidu seems to bounce and support level of around 100 and if you look at the charts, it is recent triple bottom. Very good support level. However, I will only add if break this level as I already have a position. I think Baidu is cheap for its price now and good potential moving forward due to Kunlun AI which IPO will boost Baidu share price. What price will you buy at?
$BIDU-SW(09888)$ $Baidu(BIDU)$ $BIDU-SW(09888)$ I'm bullish on Baidu for the long term and a inverse head and shoulders seems to me forming. The current level is a good support level as it bounce at this level previously. If it breaks 100 then i would start to add from below 95. At current it is very cheap already they are below book value.
$BABA-W(09988)$ $Alibaba(BABA)$ Alibaba V-shape recovery. More good news coming out each week. Latest is moonshot Ai where Alibaba owns more than 35% stake which will value around USD 10B. Apple using Qwen in their Apple Intelligence. T-head to IPO. And the best part Alibaba is still under value even with this V-shape recovery. Can still buy now as it is still very cheap. Can continue to buy even 130-140.