Ant IPO Delay – any impact on BABA

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  • #37866


    Hi Wei Ren,

    Does your TA on BABA, dated 9 Nov take into consideration of Ant IPO delay?

    If not how would the delay of Ant IPO impact the trend on BABA in the near term?



    Research Department

    Hi NL, 

    My technical on BABA did not factor in the delay of ANT IPO listing. Based on the updated chart, prices have seen some rebound on the 2nd support zone which I have highlighted in my most recent report on Alibaba. 

    Should the prices falls further, the next line of defensive support will be at US$242 region.



    Hi Wei Ren,

    Noted. Thank you for the reply.

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