To The Moon

What’s Driving Alibaba $BABA-W(09988)$ Higher

• Alibaba unveiled its Qwen3-Max AI model, with over 1 trillion parameters, signaling a deeper push into AI and giving investors confidence in its tech trajectory. Reuters

• The cloud business continues to be a standout: its cloud segment grew ~26% year-on-year, beating expectations Reuters+1

• The stock also got a boost from Cathie Wood making her first Alibaba share purchase since 2021, which helped create positive sentiment. MarketWatch+1

• In addition, investors are taking note of Alibaba’s planned expansion of data centers internationally and its elevated AI + cloud capital spending.

Technical / Resistance Levels & Outlook

• Current resistance zones to watch: HK$180, and further up, HK$200 to HK$207 where price has met supply in the past.

• The breakout past HK$145–146 earlier provided strong confirmation, and the upward momentum has carried Alibaba well above that level.

• If Alibaba can cross and sustain above HK$180, it could face fewer obstacles until HK$200+.

• On the downside, holding above the earlier breakout zone is important to avoid a pullback into consolidation.

Using DLCs for Short-Term Trading

• Long DLCs (e.g. $Alibaba 5xLongSG251113(DKPW.SI)$ ): If Alibaba continues to push higher and can break above HK$180 with momentum, long DLCs could benefit from the upside move.

• Short DLCs (e.g. $Alibaba 3xShortSG271125(XOZW.SI)$ ) : If the price struggles to clear HK$180 and reverses, short DLCs might be used as a tactical hedge against pullbacks.

• Key reminder: DLCs are leveraged products designed for short-term trading. They carry the risk of total capital loss. Traders should monitor bid-ask spreads, daily compounding, and adjust position sizes carefully.

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This document is not an offer or solicitation to buy or sell, nor financial advice or recommendation for any investment product. This document has been published for general circulation only. 

This advertisement has not been reviewed by the Monetary Authority of Singapore. This post is sponsored by Societe Generale, Singapore Branch. The content of this article does not form part of any offer or invitation to buy or sell any daily leverage certificates (the “DLCs”), and nothing herein should be considered as financial advice or recommendation. The price may rise and fall in value rapidly and holders may lose all of their investment. Any past performance is not indicative of future performance. Investments in DLCs carry significant risks, please see dlc.socgen.com for further information and relevant risks. The DLCs are for specified investment products (SIP) qualified investors only.