Alibaba Group Holding Ltd

BABA is in an early Stage 1 consolidation with a repaired 9/21 EMA regime but remains below the declining 50 DMA. A primary Higher Highs & Higher Lows pattern confirms demand dominance and structural repair. Medium-term permission is bullish, allowing long entries on pullbacks into the rising 9 and 21 EMAs. Execution favors buying now on shallow retracements to the EMAs, provided support holds. A decisive break below the short EMAs or base lows would invalidate the bullish posture.

• ↑Total revenue reached RMB 243.4 billion, an 11% YoY increase
• ↑Cloud Intelligence segment grew 40% YoY, boosting AI services traction
• ↓Adjusted EBITDA fell 84% YoY, reflecting high tech and quick-commerce costs