Alibaba Stock Sees Strong Gains Today

Alibaba's stock saw a significant surge in the markets.

The stock rose by more than 6%.

The stock reached nearly $156.

This rise is attributed to the strong start achieved by

the artificial intelligence app Qwen,

in its public beta release.

The strong rise in the stock reflects investor optimism

regarding the company's integration of generative AI.

So far, the app has been launched locally, and according to the company,

a global launch is expected soon, reflecting

the significant expansion the company plans for the coming period.

Technically speaking

If the price breaks through the $162 level

and closes above it with a daily candle,

 we expect to see a continuation of the upward trend

in the medium term, reaching levels of $171 and then $182.

However, if the price retreats and falls below the $149 level,

we may see a drop to the previous buying zones near the $135 level,

which is considered one of the best buying zones for the stock.