Baya's revenues drive the stock higher amid warnings

Shares of Chinese company Alibaba rose on both 

the Hong Kong Stock Exchange and the New York Stock Exchange.

The company's shares rose 18.8% on the Hong Kong Stock Exchange

 and 13% on the New York Stock Exchange.

This strong rise in shares comes as a result of the company's announcement 

of results for the fiscal quarter ending in June, 

which exceeded analysts' expectations.

Revenues rose by more than 2%, with net income exceeding 75%.

Analysts expect an imminent correction in the stock as profit-taking

 takes place after the recent strong rally.

Technical Outlook for the Stock

From a technical perspective, the stock is already approaching important 

and strong resistance areas.

These areas are located between 142 and 148.

These areas are expected to push the stock to a correction

 before continuing its upward trend. In the event of a decline and correction,

 we may see a resumption of the 134 level.

In the event of a close below this level, we may see the decline continue, reaching the 127 level.