BABA Hits New 30‑Day Low While Staying Above YTD Low

BABA slipped to a new 30‑day low of 107.04, edging below the prior 30‑day low of 107.08. The move remains a continuation of the short‑term downtrend, as the stock is still well above its YTD low of 90.65 and has not reclaimed that level.

• Price fell to a new 30‑day low, breaking the prior 30‑day low by 0.04 points.
• The decline did not reach the YTD low, leaving the stock 15.3% above that level.
• Market structure shows a continuation of short‑term bearish pressure.