China Tech Breakout: Baidu & Alibaba Lead
1. $BIDU-SW(09888)$
Baidu’s $BIDU massive 15% pop on the first day of 2026 could be the harbinger of great things to come.
Investors are loving the move to list the company’s Kunlunxin AI chip arm in Hong Kong where it will likely get tremendous support and investor interest.
ADR closed 1.7% higher than the HK shares. If we get a continuation of this on Monday in Asia, this technical breakout will solidify. Volume was insane today.
2. $BABA-W(09988)$
Alibaba $BABA just made its move. That’s the 3rd breakout from a bullish ▶️ formation in the past year. Past two breakouts preceded 70% gains on average.
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