BABA 1M: Chinese favorite rising again

Technical setup:

Breakout from long-term triangle

Retest of trendline confirmed

Price holds above Fibo 0.236 (116.94)

First resistance: 151.85

Fibo targets:
→ 0.5: 187.82
→ 0.618: 219.50

Trade plan:
→ Hold after successful retest
→ Add on dips to 116–118
Targets: 151.85 / 187.82 / 219.50


Fundamentals:
Alibaba is restructuring around cloud and AI. Regulatory pressure from China is easing, and earnings are stabilizing. Buybacks and renewed institutional interest provide strong mid-term support.

Conclusion:
Alibaba may fall seven times, but rise eight — especially when Fibo and price action agree.