Alibaba: ⬆️ Buy
– Alibaba reversed from support zone
– Likely to rise to resistance level 155.00
Alibaba recently reversed up from the support zone between the key support level 146.15 (which has been reversing the price from December) and the lower daily Bollinger Band.
The support zone near the key support level 146.15 was strengthened by the 50% Fibonacci correction of the upward impulse from July of 2025.
Given the clear daily uptrend, Alibaba can then be expected to rise to the next resistance level 155.00 (which stopped earlier wave A).