$Alibaba (BABA.US)$ $BABA-SW (09988.HK)$ $Hang Seng Index (800000.HK)$ 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.

$Alibaba (BABA.US)$ $BABA-SW (09988.HK)$ $Hang Seng Index (800000.HK)$ The adjustments are over, and the rebound has bottomed out! The best time to enter the market on the left before the stock price returns to the 100-day EMA and 200-day EMA. Traders on the right can wait to return to the 100-day or 200-day EMA before buying.

$Alibaba (BABA.US)$ $BABA-SW (09988.HK)$ $Hang Seng Index (800000.HK)$ 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!

$Alibaba (BABA.US)$ Baba currently has a 50-day moving average of 76.4 and a 200-day moving average of 75.45. The 50-day moving average crossed the 200-day moving average on June 18, forming a golden cross. There is a strong trend in the medium to long term. Currently, the 5-day moving average is below the 10th, 20th, and 200-day, hovering below the 100-day moving average. It passed on the 10th on Monday and 5th of this week, tested the 200-day resistance, and failed to break through. Pressure continues to be felt in the short term, and the trend is still weak.

$Alibaba (BABA.US)$ Looking back at a news report published on June 16: “UBS wealth management and Investment Director's Office (CIO) expressed institutional views on AI investment opportunities, stating that AI topics are not limited to the US market. China's leading tech companies are also investing heavily in AI, and their current valuations are still near the level before the launch of ChatGPT. It is anticipated 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.

$Alibaba (BABA.US)$ It took a month for Baba to start rising on April 19. After reaching a high point on May 17, it has been a month since the pullback began on May 20. Currently, the stock price seems to have stabilized at the 100-day EMA of 74 (original price 75.66) for three days. This point happened to be a step back after the market rose from the opening point of 66.9 (original price of 68) to a mid-high of 79.6 (original price 82). The pullback may be over, and the upward trend may begin 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.

$Alibaba (BABA.US)$ $BABA-SW (09988.HK)$ Comparing the rankings of the top ten buying and selling institutions in Hong Kong stocks in the past 1 day, 5 days, and the past 20 and 60 days, I found that Hong Kong and Shanghai HSBC, Morgan Stanley, and J.P. Morgan Chase seemed to be showing signs of an empty trend: these three companies were in the top 5 selling institutions on the 20th and 60th, but appeared in the top 5 buying rankings in the past 1 day and 5 days. Judging from the buying rankings on the 60th and 20th: UBS, Citibank, and Merrill Lynch are investment institutions that have always watched Dobaba.