On 4h chart, it starts showing a divergence. Hope to see it moving down soon
Since the last earnings, BABA has been in the bullish channel. there is RSI divergence. Stoch appears being overbought and divergence. technically, BABA is due a reset/a pullback before the beginning of October. On 4h, the first support should be around 105.4x ~ 106.1x, the second one 103.6x, the third one 102.1x. the first resistance should be around 110.9x ~ 111.1x, the second one 114.xx ~ 115.xx, the third one 120.
gotta wait to see a confirmation at each support and resistance before taking any action.
traders/investors, good luck!