We are still not seeing any momentum towards a reversal here yet and the price effectively finished on the 0.618 Fib but below the 200 Day MA to finish the week.
Again the bulls will need to attempt to recapture the 200 Day MA at $84 next, otherwise, any rejection under the 200 Day MA or the 0.618 Fib and the 0.78 Fib then comes into play on the blue line at $70.
$BABA is a hold for me for 2025.