BABA Sets New 7-Day Low

BABA reached a new 7-day low at 123.72, breaking below the prior 7-day low of 123.8. The move represents a continuation of recent downside pressure, with the stock now trading 10.6% above its 30-day low of 110.56.

• Price declined to a new 7-day low of 123.72 from 123.8
• Break reflects sustained selling pressure over the past week
• Current level remains significantly above the 30-day low at 110.56