Daily chart shows a typical upward trend with trendline. Price pullback to touch the 3rd point of trendline.
Where the zone 26 - 26.4 shows strong price rejection on smaller timeframe.
Target: Previous high for 1st target. The historical high for second target.
BABA recently a series of bad news that make the share price of ALIBABA drastically.
From technical point of view, the share price drop & tested the lows of 6/2020 and in $213 area shows a significant level of support for trnedline and S&D traders.
After 2 weeks of consolidation in the demand area, today i started showing buyer power to push the price.
My view is...
