Alibaba Shares Rise: AI Cloud Revenue Balances Complex Quarterly Results
📊 BABA — Piyasa Yorumu
▲ up · 70%Despite an RSI of 69.5, the MACD remains above its signal line, supporting short‑term buying momentum. The 20‑ and 50‑day moving averages are roughly equal, yet the price is trading above these averages. A price fluctuation in the 145‑147 range is likely within the next 1–3 days. However, given the overbought conditions, an abrupt correction should also be considered.
📊 9988.HK — Piyasa Yorumu
■ neutral · 50%Alibaba’s increase in AI cloud revenue may provide a modest short‑term lift for its shares. However, a 4.25% decline over the past 24 hours and the fact that the MACD remains in the negative zone suggest that the technical picture is still weak. The RSI sits at 44.5, indicating it is not in an oversold region, yet the price continues to trade below the 20‑ and 50‑day moving averages. Consequently, rather than expecting a clear short‑term rally, the price is likely to maintain its current downtrend. A brief rebound may occur under the influence of positive news, but this recovery is expected to be limited. In summary, market reaction is likely to be neutral or slightly bearish.