Today she has a Gap up moment and close well at 91.60 coupled with high volume this is rather bullish!
Likely to rise up to test 96.70 then 102.31.
Please dyodd.
Chart wise, looks like she is turning into an uptrend mode soon!
She is rising up to test 90 then 100 with extension to 118!
Pls dyodd.
Alibaba Group was established in 1999 by 18 people led by Jack Ma, a former English teacher from Hangzhou, China. From the outset, the company’s founders shared a belief that the Internet would level the playing field by enabling small enterprises to leverage innovation and technology to grow and compete more effectively in the domestic and global economies. Since launching its first website helping small and medium-sized enterprises in China to sell internationally, Alibaba Group has grown into a digital ecosystem with businesses comprising China commerce, international commerce, local consumer services, Cainiao, cloud, digital media and entertainment, innovation initiatives and others.
- Revenue was RMB208,200 million (US$30,316 million), an increase of 2% year-over-year.
- Income from operations was RMB15,240 million (US$2,219 million), a decrease of 9% year-over-year.
- Adjusted profit rose 5% to $2.79 a share.
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