BABA: Monitor for Key Price Levels Next Week

Recent Performance: Alibaba (BABA) recently reported strong earnings, boosting
market sentiment, yet the stock experienced a 2.2% decline following the
announcement. This decline came after a brief pre-market increase of about
5%, demonstrating the stock's susceptibility to fluctuating investor
sentiment. Currently, BABA seems to be facing resistance near the $90 mark,
while its support levels are being tested.

- Key Insights: Investors should closely observe BABA's price movements in light
of its recent performance and market volatility. The recent earnings beat in
profit contrasts with missed revenue expectations—a factor that could cause
traders to reassess their positions. There is caution in the air as experts
express that the stock may dip further before a potential recovery.

- Expert Analysis: The overall sentiment for BABA has shifted to a current
sentiment score of 15.0 after last week's flat sentiment of 0.0. Despite
recent positives in earnings, analysts remain cautious, with opinions
suggesting the stock might drop to the low $80s before any significant
upward movement occurs. A careful assessment of market conditions is
warranted as traders speculate on the implications of the earnings report
and investor reactions.

- Price Targets: Based on the wisdom of all professional traders, for next week,
we have the following targets and stop levels:
Next week targets:
Target 1: $90
Target 2: $98
Stop levels:
Stop 1: $86
Stop 2: $80
Longer-term target: A potential revisit of the $110 level within the next 2-3
months, assuming a consistent improvement in revenue performance.

- News Impact: The recent earnings report for Alibaba highlighted a profit beat
but missed revenue expectations, leading to a flat share price and
subsequent drop. The mixed news has left investors uncertain, contributing
to the current cautious market sentiment. Additionally, stock performances
of competitor companies are being monitored, which could impact trader
behavior toward Alibaba.

This comprehensive overview offers crucial insights into Alibaba's current
position, outlines clear trading strategies, and informs traders about
significant developments that may affect BABA's trajectory in the upcoming week.