Alibaba Group Holdings stock price (BABA) fell in latest intraday trading, amid the dominance of the downward correctional trend in the short term, with ongoing negative pressure due to trading below the 50-day SMA, coupled with negative signals from the Stochastic after reaching overbought levels.

Therefore we expect more losses for the price, provided the resistance of $117.80 holds on, targeting the main support at $100.00.

Todays price forecast: Bearish