libaba (BABA) Bottom Bounce -> Bullish Play Today!

With the chinese stimulus package release to boost the economy, Alibaba stand to be one of the beneficiary.

From the technical, a bottom bounce have been detected which signal a reversal to the bullsh. This could be much anticipated. Together with China government helping to boost spending, Alibaba will stand to gain.

Support from Jack Ma and Joe Tsai would further push investors confidence higher.

Alibaba is currently touching the 20-day MA period, this is good news as it is trending upwards, we could see some more upside trading today. Investors sentiment should be higher.

Alibaba just went into the developing trend with range of 20 to 40, with +DI above -DI suggesting a bullish upside.

I am expecting Alibaba to have a good upside at pre-market. The stock could also boost fellow Chinese ADRs like PDD and JD.com

Based on what the technical indicators have shown me, Alibaba looks like a stock that I am considering to return to load up some positions.

There should be bullish play coming, with Alibaba going into a bottom bounce.

Appreciate if you could share your thoughts in the comment section whether you think Alibaba would come up from bottom bounce and start a long bullish upside.

Disclaimer: The analysis and result presented does not recommend or suggest any investing in the said stock. This is purely for Analysis.