BABA too early to call, but shares could be building out a triangle consolidation, which would suggest a painful move back around $100, and a long wait into the third quarter before a material move higher is realistic.
BABA Worry not my dear friends, this is all bs. JD is down too (5%) and yet the stock has beaten all expectations 2 days ago and has a PE of 9. Imo this is solely the result of the US weaponizing markets.
BABA slight miss top & bottom. No bueno. EPS growth YoY was great taking into account the share buybacks, but not revenue, even though they're running leaner given the margins growth. Waiting for the conference call for more guidance