To The Moon

$BABA-W(09988)$ is one of China's largest technology conglomerates, spanning e-commerce, cloud computing, logistics, and digital media.

In this analysis, follow the technical chart story of 9988.HK from Breakout → Failed Retest → Breakdown → Next Support.

Alibaba 9988.hk

① Breakout of 3-Year Base From 2022 to mid-2024, price consolidated between HKD 60–120. It broke out of this base in late 2024, fuelled by a strong earnings report in August 2025 — net profit jumped 76% year-on-year and cloud revenue grew 26%. The rally extended all the way to approximately HKD 185.

② Failed to Hold HKD 110 — 'Unbreak' Price pulled back sharply and failed to hold above HKD 110 — a level that had previously acted as resistance and support. Price closing back below it suggests the breakout level did not hold on the retest.

③ Broke Support Trendline and HKD 100 Price then broke below both a rising support trendline and the round number HKD 100. The price is currently at HKD 95.00 at the time of writing.

④ Next Potential Support — HKD 80 A longer-term trendline drawn from the 2022 lows points to a potential support area around HKD 80, which would represent a deeper retracement from the highs.

Using Structured Warrants for Short-Term Trading

• A call warrant increases in value when the underlying stock rises. A put warrant increases in value when the underlying stock falls.

• For example, a trader observing the chart between points ③ and ④ — who forms a view that price may continue lower toward HKD 80 — might look at a put warrant (Alibaba MB ePW261005 ( $Alibaba MB ePW261005(JCJW.SI)$ ) (https://warrants.com.sg/tools/livematrix/JCJW) as a way to express that view.

• Conversely, if the trader believes price may stabilise and recover from the HKD 80 support zone might consider a call warrant (Alibaba MB eCW261103 ( $Alibaba MB eCW261103(ETKW.SI)$ )(https://warrants.com.sg/tools/livematrix/ETKW).

• Structured warrants are short-term trading instruments that magnify both gains and losses; their value is affected by the underlying price, volatility, and time to expiry. Note: The featured call or put warrant is one of the warrants quoted on tight spreads and high liquidity. They are also known as trending warrants. 

DISCLAIMER

Information found in Binni Ong commentary is not an offer or solicitation to buy or sell, nor financial advice or recommendation for any investment product. She is providing education and training, and is not regulated by the Monetary Authority of Singapore or any financial regulatory body. 

This commentary piece is sponsored by Macquarie Warrants Singapore. The views expressed by Binni Ong do not represent the views of Macquarie Group, nor its affiliates.

This advertisement has not been reviewed by the Monetary Authority of Singapore.

Investment products including warrants are subject to significant investment risks, including the possible loss of the principal amount invested.

Where past performance is referred to, it is not indicative of future performance. Examples quoted in this presentation are for illustration purposes only and do not represent any investment views or strategies. Advice should be sought from a financial adviser regarding the suitability of the investment product before you commit to invest in it.