TradingKey – As of August 3, Alibaba Holdings (NYSE: BABA) is at $127.82, up 4.46% during early trading, and 7.01% up in Hong Kong. The cost efficiency of Qwen AI is attracting investors. The stock is up about 39% from the 52-week low of $91.99 on June 26. It has decisively broken the $121.41 resistance and has reclaimed the 50 and 100-day EMAs ($115.85 and $116.16). The stock has been sharply up and is therefore overbought with the RSI above 80. The stock has $128.04 resistance. The company reports earnings next on August 17 before the market opens. It is expected that the company reports revenue of RMB268.86 billion (+8.6% YoY), but the adjusted EPS is expected to be down 29% to RMB10.46 per ADS as the company adds to its losses from…