BABA Records New 7‑Day Low While Staying Above 30‑Day Support

BABA slipped to a new 7‑day low of 120.94, edging below the prior 7‑day trough of 121.02. The move remains well above the 30‑day low of 110.56, indicating a short‑term continuation rather than a reclaim of longer‑term support.

• Price dropped 0.07% to set a fresh 7‑day low at 120.94.
• The new low stays 8.6% above the 30‑day trough, showing no reclaim of that level.
• Traders may view this as a short‑term continuation of the recent downtrend.