Alibaba shares plunge in China and the US.

Shares of e-commerce company Alibaba fell in the US and China,

 falling 7.6% and 5.4% on the Hong Kong Stock Exchange, falling to $121.

This sharp decline in shares comes as a result of Alibaba's weak first-quarter profits,

 due to weak domestic Chinese consumption in artificial intelligence.

It's worth noting that the company has seen strong gains in its shares in the recent period,

with the stock rising 7%, achieving profits estimated at $32 billion.

Technically :

the stock is expected to continue its decline due to the lack of strong buying areas.

In the event of a decline, we may see a resumption of the 105.23 level.

If a one-day candle closes below this level, the decline will continue,

reaching the demand areas at 105.23.

From there, we may see the stock rebound.