Source: tradingview
$BABA-W(09988)$ saw a strong rally earlier, driven by renewed focus on Alibaba Cloud and AI initiatives, which helped reposition the company as a growth and technology story rather than just an e-commerce platform.
This shift in narrative pushed the share price to a high of around HKD 185 in Sep-Oct 2025.
However, since late October 2025, price has retraced and shown signs of weakening as momentum cooled.
Technical Overview of Alibaba
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Overall trend: Alibaba is showing signs of an upturn, with price holding above its key moving averages, suggesting the broader structure remains constructive.
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Trend support: Alibaba is currently being supported by its 20-, 50-, 100-, and 200-day moving averages, which are all clustered below the price.
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This alignment suggests broad-based technical support across short-, medium-, and longer-term timeframes, reinforcing the ongoing upturn structure.
Momentum signal:
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The MACD histogram shows a bullish divergence, where momentum improves even though prices traded lower.
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This often suggests that selling pressure is easing and the probability of a stabilisation or recovery is increasing, though confirmation is still required from price action.
Key level to watch:
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HKD 155 acts as an interim resistance. A sustained move and hold above this level may indicate stronger upside momentum, opening the door for a move toward higher levels. Higher resistance levels at HKD 175 and HKD 185.
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Support level at HKD 142 which was also a previous high around March 202.
Risk note:
If price fails to hold above the moving averages or is rejected at resistance, near-term consolidation or pullback remains possible.
Using Structured Warrants for Short-Term Trading
If the price breaks above HKD155 and shows upward momentum, call warrants (e.g. Alibaba MB eCW260505 ( $Alibaba MB eCW260505(WLWW.SI)$ )) (https://warrants.com.sg/tools/livematrix/WLWW ) may be relevant for expressing a bullish short-term view
If the price breaks below HKD142, put warrants (e.g. Alibaba MB ePW260303 ( $Alibaba MB ePW260303(IBBW.SI)$ )) (https://warrants.com.sg/tools/livematrix/IBBW ) may be relevant for expressing a bearish short-term view.
Structured warrants are short-term trading instruments that magnify both gains and losses; their value is affected by the underlying price, volatility, and time to expiry.
Note: The featured call or put warrant is one of the warrants quoted on tight spreads and high liquidity. They are also known as trending warrants.
DISCLAIMER
Information found in Binni Ong commentary is not an offer or solicitation to buy or sell, nor financial advice or recommendation for any investment product. She is providing education and training, and is not regulated by the Monetary Authority of Singapore or any financial regulatory body.
This commentary piece is sponsored by Macquarie Warrants Singapore. The views expressed by Binni Ong do not represent the views of Macquarie Group, nor its affiliates.
This advertisement has not been reviewed by the Monetary Authority of Singapore.
Investment products including warrants are subject to significant investment risks, including the possible loss of the principal amount invested.
Where past performance is referred to, it is not indicative of future performance. Examples quoted in this presentation are for illustration purposes only and do not represent any investment views or strategies. Advice should be sought from a financial adviser regarding the suitability of the investment product before you commit to invest in it.
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