To The Moon

Alibaba $BABA-W(09988)$ has broken out of two constructive bases, signaling strong upward momentum:

• The first breakout at 131 projects to a target near 160.2, which price action has now met.

Base 1

• Range: 101.8 → 131

• Depth: 131 – 101.8 = 29.2

• Breakout point: 131

• Target: 131 + 29.2 = 160.2

Base 2

• Range: 95.7 → 145.9

• Depth: 145.9 – 95.7 = 50.2

• Breakout point: 145.9

• Target: 145.9 + 50.2 = 196.1

The larger second base projects higher towards 196.1, offering a potential roadmap if momentum continues.

• With momentum indicators still positive, the stock remains on a strong trend, though traders should monitor for consolidation near current levels.

Using DLCs for Short-Term Trading

• Long DLCs (e.g. $Alibaba 5xLongSG270712(ZVNW.SI)$ ) : These may rise in value if Alibaba continues its uptrend towards the larger projection.

• Short DLCs ( $Alibaba 5xShortSG270907(RHDW.SI)$ ) : Can be used tactically if Alibaba faces rejection near resistance zones, allowing traders to benefit from potential pullbacks.

• Important note: DLCs are leveraged products designed for short-term trading. Outcomes depend on both price direction and intraday moves, and capital invested can be fully lost.

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Disclaimer: 

This document is not an offer or solicitation to buy or sell, nor financial advice or recommendation for any investment product. This document has been published for general circulation only. 

This advertisement has not been reviewed by the Monetary Authority of Singapore. This post is sponsored by Societe Generale, Singapore Branch. The content of this article does not form part of any offer or invitation to buy or sell any daily leverage certificates (the “DLCs”), and nothing herein should be considered as financial advice or recommendation. The price may rise and fall in value rapidly and holders may lose all of their investment. Any past performance is not indicative of future performance. Investments in DLCs carry significant risks, please see dlc.socgen.com for further information and relevant risks. The DLCs are for specified investment products (SIP) qualified investors only.