Alibaba Group Holding Limited
Investment Thesis
BABA has staged a decisive technical breakout from sub-$100 lows, rallying ~15% in five sessions driven by Chinese tech sector rotation and Apple-Broadcom partnership news that lifted the entire Chinese tech complex [N9]. The Asia-to-US capital markets reopening narrative, validated by SK Hynix's record $26.5B US listing surpassing Alibaba's 2014 IPO record, signals renewed institutional appetite for Asian mega-cap equities on US exchanges [N6, N7]. Entering at $112.33 captures the momentum continuation phase before the next resistance zone near $125-$130, with the breakout above $110 providing a clear technical floor.
Why It May Work
Why It May Not Work
Timeline
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