Nasdaq Rises Over 1%; Alibaba Shares Gain on Fourth-Quarter Results

Alibaba's fourth‑quarter results improved, and Nasdaq's rise of more than 1% generated a broadly positive market atmosphere. BABA closed at $145.04, up 3.79% on the day, with an RSI of 67 approaching over‑bought territory. Nevertheless, the MACD is above its signal line and the 20‑period SMA sits above the 50‑period SMA, signaling a short‑term bullish move. These indicators suggest that short‑term buying pressure may materialize. However, the elevated RSI and potential correction risk should be considered. Overall, BABA's price could remain in a modest uptrend over the next 1–3 days.

The Nasdaq’s rise of more than 1% and Alibaba’s robust quarterly earnings create a favorable signal for the NDX. The RSI stands at 64.5, indicating it is not in an overbought zone, which supports potential short‑term recovery. The MACD is above its signal line, and the 20‑period SMA is above the 50‑period SMA, both suggesting the trend will persist. A modest upward trend for the NDX is expected over the next 1–3 days, though volatility could rise. Accordingly, positions should be managed cautiously and risk controls maintained.

The Nasdaq’s rise of more than 1% and Alibaba’s positive fourth‑quarter results have been well received, but current technical indicators point to a bearish bias. The RSI sits at 44.5, the MACD is negative, and the price remains below both the 20‑period and 50‑period simple moving averages. Consequently, a modest rebound could materialise within one to three days, yet the overall trend is likely to persist. Investors are advised to monitor short‑term movements closely.