Alibaba (9988.HK): Bearish Trading Opportunity

  Published On: 10 Dec 2025, 11:20 AM | Donny Lew, Assistant Manager, Dealer

Key Entry Price Pivot(s):

  • HK$147

Recommended Trade:

  • Short at level HK$147
  • Take profit at HK$128
  • Stop loss at HK$160

Alternative Case:

  • Long above level $161
  • Take profit at HK$186
  • Stop loss at HK$145

Remarks:

  • Looking at the daily chart of Alibaba, we can see that the price has been in an down trend.
  • Currently, we are waiting for the price to break down at the support level at around HK$147. We can potentially look for a short trade at this level in a lower timeframe with confluence such as a bearish bar at the support level with significant volume.