Alibaba Sells Lingxi Games to Trustar Capital for $1.5 Billion
📊 BABA — Piyasa Yorumu
■ neutral · 55%Alibaba's sale of its gaming unit can be viewed as part of the company's strategy to focus on core businesses, which may be perceived positively in the long term. However, in the short term, such asset sales typically do not set a clear direction for the stock price. Technical indicators are giving mixed signals: RSI is neutral at 44, MACD is negative but above the signal line, and the price is just above the SMA20 but below the SMA50. The 3.4% decline over the last 24 hours could offset the positive impact of the sale news. Therefore, a sideways movement can be expected in the short term.
📊 9988.HK — Piyasa Yorumu
■ neutral · 55%Alibaba's sale of Lingxi Games for $1.5 billion can be seen as a positive development, supporting the company's strategy to divest non-core assets. However, this transaction is not expected to have a direct and strong impact on the stock price in the short term. Technically, the RSI is balanced at 50, and the MACD is in negative territory but approaching the signal line, indicating weak momentum. The price is above the 20-day moving average but below the 50-day average, presenting a mixed outlook. Therefore, a sideways movement is likely in the near term.