$Alibaba (BABA.US)$ $BABA-W (09988.HK)$ $Hang Seng Index (800000.HK)$ Baba announced the repurchase of 77 million American Depositary Shares in the second quarter, with a total price of 5.8 billion US dollars, with an average price of 75.32 per share. Boosted by this news, Baba ended its pullback today and bottomed out. Today's 5-day EMA stands at the 10-day EMA on the candlestick chart. RSI and KDJ take a U-turn upward. The market is likely to continue to rise in the future.

$Alibaba (BABA.US)$ $BABA-W (09988.HK)$ $Hang Seng Index (800000.HK)$ The adjustment is over and there is a rebound! The stock price has rebounded above the 100-day moving average and 200-day moving average. The best left side entry opportunity is to wait for the stock price to rise above the 100-day or 200-day moving average before buying for traders on the right side.

$Alibaba (BABA.US)$ $BABA-W (09988.HK)$ $Hang Seng Index (800000.HK)$ Others are afraid that I am greedy. People abandon me, hold on to, and continue to insist. The reason why Baba bought the last time the market rose from April 19 to May 20 has not changed, and new benefits have emerged: the value of Baba's stock has been seriously undervalued, and the basic direction is improving. The medium- to long-term technical trend is improving (the 50-day moving average crossed the 200-day EMA on June 18 to form a gold fork), the stock price returned to the previous low consolidation range, the cloud business is growing rapidly, and the AI concept of the big data model is favorable. The issuance of convertible bonds in May is beneficial. It is reflected in Baba's stock price It is deliberately suppressed by institutions in the short term. If the Hang Seng Index strengthens in the future, Baba will definitely hit bottom and rebound!

$Alibaba (BABA.US)$ Currently, the 50-day moving average of Alibaba is 76.4, and the 200-day moving average is 75.45. On June 18, the 50-day moving average crossed above the 200-day moving average, forming a golden cross and indicating a strong trend in the medium to long term. Currently, the 5-day moving average is below the 10-day, 20-day, and 200-day moving averages, hovering above and below the 100-day moving average. On Monday of this week, the 5-day moving average crossed above the 10-day and tested the 200-day resistance, but the breakout failed. The short term continues to be under pressure, and the trend remains weak.

$Alibaba (BABA.US)$ Reviewing a news report published on June 16th: 'UBS Group Wealth Management's Chief Investment Office (CIO) shares institutional views on investment opportunities in artificial intelligence, stating that the AI theme is not limited to the US market. China's leading technology companies are also making significant investments in AI, and their current valuations are still around the levels before the launch of ChatGPT. It is expected that China will eventually develop an AI ecosystem different from other regions, which will bring significant monetization potential.'

$Alibaba (BABA.US)$ Today's trading volume has increased. The stock price is at the 5-day EMA of 74.35 and the 100-day EMA of 74.11, and the 10-day EMA of 75.1 and the 200-day EMA of 75.58. If the market can return to the 200-day EMA in the future, the downtrend will reverse.

$Alibaba (BABA.US)$ After starting the upward trend on April 19th, Baba took one month to reach a phase high on May 17th, and has been in a correction phase since May 20th for a month. Currently, the stock price seems to have stabilized at the 100-day moving average of 74 (previously 75.66) for three days. This level happens to be the retracement position after the uptrend started from the initial rise point of 66.9 (previously 68) and rose to the intermediate high of 79.6 (previously 82). The correction may have ended, and the uptrend may start next week.

$Alibaba (BABA.US)$ Today, the stock price returned to the 100-day EMA of 74.02 and rebounded steadily! We will see if we can recover the 5-day EMA of 75.33, the 50-day EMA of 76.04, and the 200-day EMA of 75.92. There was a trend of convergence on the 5th, 50th, 100th, and 200th. Baba's stock price has reached a critical threshold, stabilizing the 100-day EMA and breaking through at an upward rate. If the 100-day EMA does not hold steady, the 70-day support may continue to fall.

$Alibaba (BABA.US)$ $BABA-W (09988.HK)$ Comparing the top 10 buying and selling institutions in Hong Kong stocks in the past 1 day, 5 days, 20 days, and 60 days, it was found that HSBC Shanghai Bank, Morgan Stanley, and JP Morgan Chase have signs of short selling turning into buying: these three institutions have consistently ranked among the top five selling institutions in the 20-day and 60-day rankings, but have appeared among the top five buying institutions in the 1-day and 5-day rankings. Looking at the buying rankings for the 60-day and 20-day periods, UBS Group, Citi, and Merrill Lynch are institutions that have always been bullish on Alibaba.