Alibaba's Qwen Model Sets World Record with 3 Billion Downloads
📊 BABA — Piyasa Yorumu
▲ up · 55%The news highlights strong adoption of Alibaba's artificial intelligence model, underscoring the company's technological leadership. Technical indicators are mixed: RSI is neutral at 44, MACD is negative but approaching the signal line. The price is just above the SMA20 and below the SMA50, suggesting potential for a short-term recovery. The 3.4% decline over the last 24 hours could be partially offset by the positive impact of the news. An upward move is possible in the short term, but the price needs to break above the SMA50 for a stronger signal.
📊 9988.HK — Piyasa Yorumu
▲ up · 60%Alibaba's Qwen model setting a world record confirms its strong position in the artificial intelligence space and provides positive news flow for the stock. Technically, the RSI is in neutral territory at 55, while the MACD remains negative but is approaching its signal line, potentially signaling a short-term recovery. The price is above the 20-day moving average but just below the 50-day average, increasing the likelihood of encountering resistance. An upward move can be expected on the back of the news, but sustained closes above the 50-day average are needed to establish a strong trend. In the short term, a 1-2% upside potential appears reasonable.