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

Alibaba Group’s (BABA) U.S.-listed shares soared to a three-year high on Thursday after the Chinese technology and e-commerce giant reported quarterly results above Wall Street expectations.

The company said its artificial intelligence-driven strategies had reaccelerated growth in its core businesses, adding that AI-related product revenue achieved triple-digit growth for the sixth consecutive quarter. 

Alibaba shares have surged 60% since the start of the year as of Thursday’s close, boosted by reports that the company will partner with with Apple (AAPL) to provide AI features for iPhones in China. Sentiment towards the stock also received a lift recently after co-founder Jack Ma attended a meeting earlier this week with Chinese leader Xi Jinping, indicating improved dialog between the pair.

The stock rose 8% to near $136 on Thursday, closing at its highest level since November 2021.

Below, we take a closer look at Alibaba’s weekly chartand identify key post-earnings price levels worth watching out …