Alibaba (BABA) bucked the market and spiked 3.6% today. Also, it was the 3rd most gainer among the top 300 largest-cap stocks, only after Lucid’s and Uber’s 4.3% gain. This is a rare sight.
BABA took back the purple downtrend line, re-tested and bounced off it. This is a good sign. If it can further recover the orange level of the trade war low at $130, it will have a very good chance to further its rebound.
To see the performance of the Top 200 largest-cap stocks. Click the link below:
360miq.com/screener?market=NYSE%20%2B%20NASDAQ&marketcap=Top%20200
360miq.com/stockinfo?code=BABA
