BABA Setup 👀
$BABA.US BABA has had a rough 6 months, dropping from around $157.50 to a low near $92 before starting a decent recovery.
Right now, price is sitting around $123.70 after getting rejected near the $132–136 area.
For me, the levels are pretty simple:
🔹 $136.76 = key breakout zone
🔹 $112.73 = important support
🔹 Above $136.76 → $145–150 could come into play
🔹 Below $112.73 → $100/$92 becomes a risk
I’m not chasing the move here. I’d rather wait for confirmation.
Let’s see which level breaks first. 📊
#BABA #Alibaba #Stocks #Trading
$BABA.US BABA has had a rough 6 months, dropping from around $157.50 to a low near $92 before starting a decent recovery.
Right now, price is sitting around $123.70 after getting rejected near the $132–136 area.
For me, the levels are pretty simple:
🔹 $136.76 = key breakout zone
🔹 $112.73 = important support
🔹 Above $136.76 → $145–150 could come into play
🔹 Below $112.73 → $100/$92 becomes a risk
I’m not chasing the move here. I’d rather wait for confirmation.
Let’s see which level breaks first. 📊
#BABA #Alibaba #Stocks #Trading