Alibaba Group Holding Limited BABA

This guy is bad

Free fall

I Think Bears shall start to run or hide its coming! Nasdaq more likely to sky higher end this week and towards Christmas a real Bull run coming.

Also if FED this week Cut rates Nasdaq Will sky rocket and With China a Long Baba Will pass 80-82 dollar or higher by middle or end next week.
Christmas rally might come.

Just in today : December meeting provides a more positive evaluation of economy.
Chinas economy recovers as core CPI remains stable.
Expect a very big gap up tomorrow.
Bullish.

Alot of good and positive news out in the weekend so market shall gap up high, but even if it should fall a bit it will not be that much.

The new 52week low in HSI is 16150 and it still to beat that one. That low was some days ago.
And what happent when It touched that price sky up so fast again to 16600 same day.

Bad news should be good news also sometimes.
If we talk about the data that came out Saturday.

Baba with Saudi’s investment. ??

Market knows the allready data and forecast !
Yes it went a little more down, but market prices in as also moody’s made big noise 6 days ago.
Priced in.

Also HSI closed super bullish on Friday.
Big players started to buy last hour and pumped up big HSI so it closed very green.
Forget all these people that make big drama and make FEAR scenarios here!

Look all the Catalyst from this weekend only.

1. Saudi to invest in Alibaba fund 200mill dollar
2. Saudi join china with Brics January
3. Yuan gains and stimulus friday coming
4. China says Domestic demand recovery 2024
5. China close cop24 positive with deal today
6. China nice talks with US on cop24 today
7. China succesfull rocket sending yesterday

Saudis to join Brics from next month.

China and US with succesfull cop28 deal of closing summit succeafull - tomorrow maybe 500 points up in HSI together with the rocket succes and yuan stimulus and saudis investment in china company fund Ali baba with 200million dollars - 2024 big