Watch These Alibaba Price Levels as Stock Jumps to 3-Year High After Earnings

Source: TradingView.com Key Takeaways Alibaba’s U.S.-listed shares soared 8% Thursday after the Chinese technology and e-commerce giant reported quarterly results above Wall Street expectations. The company said its AI-driven strategies had reaccelerated growth in its core businesses, adding that AI-related product revenue achieved triple-digit growth for the sixth consecutive quarter. The stock has trended sharply higher after breaking out above a broad symmetrical triangle, with the price recently climbing back above the closely watched 200-period moving average. Investors should watch key support levels on Alibaba’s chart around $103 and $78, while also monitoring important resistance levels near $178 and $231….