So many things have been in the news lately, and China’s been in the middle of most of it.
From AI to tariffs, China has been in the headlines and its stocks have been all over the place.
But some Chinese equities are looking like they might be coming back from the dead. It’s been a while since this cohort was in favor, but we might be seeing a slight turnaround from some companies.
And we’re thinking of Alibaba (BABA) in particular.
Here’s the chart:
Not only is $117.82 a new recent breakout level, it would mean BABA is hitting its highest high since 2023.
A move above $117.82 could lead to monster run.
We’ll keep an eye on it.
Happy trading,
Scott
