BABA pumping in pre market (Patreon)

This one has done very well this year. Now it is really moving up due to the following:

• China has launched a comprehensive economic stimulus package, marking its most significant intervention since the pandemic.

• The People's Bank of China (PBOC) has reduced its key policy interest rate by 0.2 percentage points to 1.5%, with potential for further cuts later this year.

• The PBOC lowered the reserve requirement ratio (RRR) for banks by 50 basis points, releasing around 1 trillion yuan (about $141.7 billion) in long-term liquidity.

Chinese stock markets surged significantly following the announcement, with the offshore yuan reaching its strongest level since May 2023.

US Listed Chinese stocks will pump today

NOTE I own BABA and did a trade alert in JAN for a $70 Synthetic Long - selling the puts to buy the calls.