BABA hits new 7-day low at 123.9, below prior 7D low of 124.3

The stock declined 0.32% to establish a new 7-day low, continuing downward pressure from the prior extreme. This move places BABA 11.78% above its 30-day level of 109.31, suggesting room for further downside before reaching near-term support.

• Price broke below the prior 7-day low of 124.3 to reach 123.9
• The decline reflects continuation of recent bearish momentum
• Current level remains significantly above the 30-day reference at 109.31