Today’s stock of the day is Alibaba Group, viewed from a long-term weekly perspective, where the situation is becoming increasingly fragile.
A few weeks ago, the price broke below a key horizontal support around $145, marked with orange. This level had previously acted as a strong floor for the market, so its violation is a significant bearish development.
In addition to that, two weeks ago the price also broke below a long-term uptrend line connecting the lows since the beginning of 2025. This adds further pressure to the structure, as both horizontal and dynamic supports have been compromised.
Last week brought a modest rebound attempt, but so far it does not change the broader picture. Buyers have not managed to reclaim key levels, and the recovery lacks strength.
The relevance of the long-term trendline is also starting to fade slightly, as price is now moving back and forth around it rather than respecting it cleanly. This kind of behavior often signals weakening structure.
At this stage, the most important levels are the horizontal ones. A move back above the orange support around $145 would be a strong bullish signal. It would indicate a false breakdown and a return of buyers’ control.
On the downside, the key trigger is the blue horizontal support below. A break of that level would confirm continuation of the bearish move and generate a proper long-term sell signal.