$BABA TOP 10 & TOP 20
Added 2025-05-02 09:07:34 +0000 UTC$BABA is up nearly +4% in the PM now on news:
Easyhome New Retail Group expects to sign 55 million yuan worth of agreements with Ali BABA this year, according to a Shenzhen Stock Exchange filing on Tuesday.
The transactions will include procurement of goods, receipt of services, and property leasing deals.
In 2024, the total amount of deals between the companies reached 50.1 million yuan, the Chinese department store chain said.
This brings the price action above the important blue line at $121 and we can see that the 50 Day MA is just slightly above at $127.
We want to see the $121 confirmed as the new support as the price action did not hold this support level on the retest on the 7th of April.
Holding above $121 and its onwards and upwards as shown and expected.
