BABA Dips to New 7‑Day Low at $118.58

BABA posted a new 7‑day low at $118.58, edging below the prior extreme of $118.63. The failure to reclaim the recent swing high points to a continuation of the short‑term downtrend, with the price still about 6.8% above the 30‑day level of $110.56.

• Price slipped below the prior 7‑day low of $118.63 to $118.58.
• The move failed to reclaim the recent swing high, suggesting bearish continuation.
• Distance to the 30‑day level remains about 6.8% above support.