Today's results seem to have trigger Alibaba for much higher levels. The market seems to have appreciated the growth of its cloud and AI business as well as its new AI chips.
Chinese big cap techs are much cheaper than US counterparts and seem to be presenting interesting opportunities.
Next resistance/target in the $170 area as long as $117 support is holding.
Chinese big cap techs are much cheaper than US counterparts and seem to be presenting interesting opportunities.
Next resistance/target in the $170 area as long as $117 support is holding.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.