BABA Sets New 7‑Day Low Amid Mild Downtrend

BABA dropped to a new 7‑day low of 107.14, extending the recent downtrend rather than reclaiming the prior low. The price stays above the 30‑day level of 104.88, suggesting the move is a continuation of short‑term bearish pressure.

• Price fell to a new 7‑day low of 107.14, below the prior 7‑day low of 107.23.
• The decline represents a continuation of the short‑term bearish bias, not a reclaim of the earlier low.
• It remains above the 30‑day level of 104.88, keeping broader support intact.