Shares of Alibaba Group Holding Ltd. (NYSE: NYSE:BABA ) are soaring after the Chinese tech and e-commerce giant reported quarterly earnings that exceeded Wall Street expectations. Alibaba’s latest financial results reflect strong growth in its cloud computing division, which includes artificial intelligence (AI) initiatives, and the broader market optimism surrounding its strategic moves. Beating Estimates with Strong Revenue Growth Alibaba posted revenue of 280.15 billion Chinese yuan ($38.5 billion) for the December quarter, marking a 7.6% increase year-over-year. The company’s earnings per share per ADS came in at $2.93, surpassing analyst expectations tracked by Visible Alpha. CEO Eddie Wu emphasized that Alibaba’s strategic focus on "user-first, AI-driven" operations has contributed significantly to its reaccelerated growth. One of the standout aspects of Alibaba’s performance is its cloud computing segment, which saw a 13% year-over-year revenue increase. Notably, AI-related product revenue surged at a triple-digit rate for the sixth consecutive quarter, underscoring Alibaba’s position as a dominant player in China’s AI landscape. Adding to the bullish sentiment is speculation that Alibaba may be collaborating with Apple (AAPL) to integrate AI-powered features into iPhones in China. Moreover, reports suggest that co-founder Jack Ma has re-established ties with Beijing, a development that could ease regulatory pressures and pave the way for smoother business operations. Technical Outlook: Bullish Breakout with Strong Momentum From a technical perspective, NYSE:BABA shares have been on an impressive run, climbing over 80% in the past year. At the time of writing, the stock is up 8.09% in intraday trading, signaling strong bullish momentum. The breakout from a falling wedge pattern—a classic bullish reversal setup—has been a key catalyst in Alibaba’s upward trajectory. The Relative Strength Index (RSI) currently sits at 84, indicating that the stock is in overbought territory. However, with momentum building, further upside potential remains, particularly if BABA clears its recent one-month high. In the event of a pullback, the 38.2% Fibonacci retracement level is acting as a solid support zone, providing traders with a potential re-entry point. A decisive breakout above resistance could trigger another leg up, reinforcing the stock’s bullish sentiment. Conclusion With cloud computing and AI revenues expanding at a rapid pace, alongside renewed investor confidence, the stock remains in a strong uptrend. While technical indicators suggest caution due to overbought conditions, a breakout above resistance could unlock further gains.
Pediatrix Medical Group, Inc. (MD) is a healthcare company specializing in neonatal, maternal-fetal, and pediatric care. It provides expert medical services to hospitals and healthcare systems, focusing on high-risk pregnancies, newborn care, and pediatric specialties. With a growing need for specialized healthcare, Pediatrix continues expanding its network of providers and services, ensuring quality care for patients and long-term stability for the company. The stock chart recently showed a confirmation bar with increasing volume, moving into the momentum zone, which happens when the price moves above the 0.236 Fibonacci level. This signals strong investor confidence and potential for further gains as buyers step in. Using a trailing stop is an effective way to manage risk while securing profits. By setting a trailing stop based on Fibonacci levels, traders can stay in a trade as long as the stock trends higher while locking in gains if momentum slows. This strategy prevents premature exits and ensures that profits are protected in case of a reversal.
Rivian earnings are pretty good. Amazon is invested. Volvo is invested. Losses are narrowing. When is it turning profitable?
Key backtest of the previous bullish symmetrical triangle now which could be forming a bullish megaphone pattern. ETF coming, staking on ETF coming, bullish crypto regs, SOL remains # 1 chain. See you at $450 target of this pattern.
ES! CHART TO WATCH Possible fake out break out Possible intraday oversold bounce to just below .68 FIB zone wedge lines formed confluence for bounce zone
The price has settled at a really good level, around 0.7, after a panic sell. This is a really good sign. There is almost nothing to lose by waiting a bit longer for the European and U.S. exchanges to open. See you soon, guys.
-Support on the 200D-EMA -Cup & Handle reversal structure - Reset oversold momentum. - Trend oscillator flipping bullish.
Considering buying NYSE:NOW NASDAQ:TTD NYSE:NVO NYSE:RDDT NASDAQ:HOOD NASDAQ:FRPT
Dow Jones hit today its MA200 (4h) and rebounded. This has come too close to the bottom of the Rectangle pattern that dominates the price action in the past 3 weeks. Trading Plan: 1. Buy on the current market price. 2. Buy again if the price closes above the Falling Resistance. Targets: 1. 44450 (MA50 4h and Falling Resistance). 2. 45000 (top of Rectangle). Tips: 1. The RSI (4h) got oversold and rebounded like on the February 3rd Low. Strong buy signal. Please like, follow and comment!!
Use proper risk management Looks like good trade. Lets monitor. Use proper risk management. Disclaimer: only idea, not advice.