BABA Up 3.85% – Buy-backs and Earnings Recovery Lift Prospects
$Alibaba(BABA)$ closed at $173.47 (+3.85%), about 10% below its 52-week high of $192.67.
Volume of 20.1 million was slightly under its 50-day average.
Key Highlights
1️⃣ Continued share buy-backs and leaner cost structure support valuation repair.
2️⃣ Improving sentiment in China tech names and profitability expectations bolster cross-border re-rating.
Technical Analysis
Consistent gains on moderate volume show institutional accumulation. RSI ≈ 60 (upper neutral).
EMA 5 > EMA 20; MACD bars expanding. $175 serves as a neckline pivot.
1-Week Outlook
Hold above $175 → targets $180–186; below $165.9 tests $160.
Key Levels
Resistance: $175 / 180 / 186
Support: $165.9 / 160
Valuation
TTM P/E ≈ 19–21 times, below S&P’s ~30×; profitability improvement could drive re-rating.
Target Price
Analysts see further upside if buy-backs and cloud spin-off plans progress.
Risk Note
Policy and FX volatility remain key external variables.
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