Today was Singles Day for cyber-shoppers in Asia. The annual event by Chinese e-commerce giant Alibaba (BABA) set another record, up 27 percent from 2018.
Earnings have beaten estimates for the last three quarters. BABA's also a key stock to watch if trade relations between the U.S. and China continue to show signs of improvement.
Still, it's been trapped in a range all year while making higher lows. Interestingly, the current price action may resemble Apple (AAPL) about two months ago. The iPhone maker was in a range and holding its 50-day SMA. Then it broke a triangle and paused for a few weeks before heading to new highs. Does BABA face a similar setup now?
BABA
AAPL
Here's the AAPL chart showing price action in September and October:
Earnings have beaten estimates for the last three quarters. BABA's also a key stock to watch if trade relations between the U.S. and China continue to show signs of improvement.
Still, it's been trapped in a range all year while making higher lows. Interestingly, the current price action may resemble Apple (AAPL) about two months ago. The iPhone maker was in a range and holding its 50-day SMA. Then it broke a triangle and paused for a few weeks before heading to new highs. Does BABA face a similar setup now?
BABAAAPLHere's the AAPL chart showing price action in September and October:
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.