The next resistance for BABA is the 120 range. In order to go higher, it needs to break the resistance. With China opened up and clarity from Ant Financial, I believe it will reach 200 range soon. But I think the TP in near term should be around $180.
More analysts than ever now see promise in the electric vehicle charging stock.What happenedChargePoint Holdings(CHPT2.49%)stock jumped this week, gaining a solid 21.6% through the week as of 1 p.m. ET Friday, according to data provided byS&P Global Market Intelligence. If ChargePoint impressed investors with its quarterly numbers and outlook last week, an analyst singled out theelectric vehicle (EV) charging stockthis week as a major potential winner from the Inflation Reduction Act (IRA).So whatMaheep Mandloi fromCredit Suisseinitiated coverage on ChargePoint stock midweek with an outperform rating and a price target of $22 per share. For context, even after this week's stunning rally, ChargePoint stock is hovering around $17.55 per share as of this writing.Mandloi is bullish about C