Trading Ideas for 2026: BABA - Technical Forecast and Levels

Weekly price is secondary correction to the primary bearish breakdown: the price is testing the upper border of Ichimoku cloud to below. Chinkou Span of Ichimoku indicator which is crossing the historical price for the good breakdown. Besides, the Stochastic oscillator is indicating the downtrend to be continuing. If the price breaks support level at 127,48 to below so the primary weekly bearish reversal will be started with the next support level at 103.63. If the price is bounced from support levels to above so we may see the bear market rally with 143.27 and 169.48 targets to re-enter. Alternatively, the price will be on ranging within the levels waiting for direction. Trading Summary: waiting for direction - watch for the weekly bearish reversal or for the secondary rally to be started.