Bulls winning continuously for the last month, new historical top every week, and shares looks like to continue on the uptrend. Immediate support at $112 followed by $108. Relative strength index around 80, so if a correction happens on Fibonacci (0.618), the $103+ would be a good entry point for me.
After achieving $120 top, looks like $BABA is performing a first big fall back to maybe the Fibonacci 0.618 ($97.45). The RSI shows the strength coming down while the stochastic confirms the downtrending.