Core Viewpoint - Alibaba's stock price is currently at a critical juncture, with intense competition between bulls and bears around the 115.7 HKD mark, reflecting a potential turning point in market sentiment [1]. Technical Analysis - The stock price is showing mixed signals, with the RSI at 52 indicating a neutral zone, while MACD and Bollinger Bands suggest a buy signal. However, the Williams indicator indicates a sell signal, highlighting a potential major shift in market direction [3]. - The 10-day moving average (MA10) is at 118.43 HKD and the 30-day moving average (MA30) is at 112.71 HKD, indicating a golden cross and a positive medium-term trend, but a short-term breakout above 118 HKD is needed to confirm an upward trend [3]. Support and Resistance Levels - Strong support is identified at 111.2 HKD, with a potential drop to 107.3 HKD if this level is breached. Resistance is noted at 120.1 HKD, with a breakthrough potentially leading to a challenge of 124.2 HKD [4]. - The stock price is approaching the middle band of the Bollinger Bands, suggesting a short-term consolidation phase. Notably, trading volume has increased by 12% compared to the average of the previous five days, indicating a potential warning sign for investors [4]. Derivative Products - For bullish investors, Société Générale's call option (16079) offers a leverage of 6.5 times with a strike price of 132.1 HKD, while HSBC's call option (16089) provides 6.8 times leverage with the same strike price [7]. - For bearish investors, Bank of China’s put option (17704) offers 4.1 times leverage with a strike price of 96.95 HKD, and Morgan Stanley's put option (14371) provides 5.3 times leverage with a strike price of 117.18 HKD [10].