Long Opinion on BABAAlibaba Group Holding Limited Sponsored ADRBATS:BABAadamnassibI have been watching Alibaba Group Holding Ltd. (BABA) for a while, and to me this pullback looks far more like a reset than a breakdown. From a bigger-picture standpoint, I like that this is happening while fundamentals are stabilizing rather than deteriorating. Valuation is still compressed relative to history, cash flow remains strong, and sentiment around China equities has been washed out. That creates a backdrop where I am more willing to trust a technical correction instead of assuming distribution. Technically, the move from 117.60 to 192.67 corrected back into the 146 to 147 area, which is roughly a two-thirds retracement of the prior advance. That depth fits what Dow and myself consider a healthy correction, especially since it lines up with a former resistance level that now appears to be acting as support. What really caught my attention was the behavior on 12/26/25. On the daily chart, price put in a failure swing and reclaimed 151.82. That breakout came with a clear expansion in participation, with 4H volume around 521K versus an eight-day average near 282K (the miniature prior move), which tells me this was more than just a mechanical bounce. Momentum is starting to turn as well. MACD has flipped bullish and moved into positive territory, and on the 4H timeframe price is now holding above the 20-period SMA. I like to use the 20, 50, and 200 moving averages in harmony, and seeing price reclaim the short-term average is, to me, early confirmation that control is beginning to shift back to the upside. If this keeps pushing, I would expect some pauses along the way rather than a straight shot up. First spots I am watching are 154.30 and 157.25, then 160.00. Anything beyond that depends on momentum, with 161.20, 164.25, and 166.36 as the next areas to keep in mind. For now, my bias stays constructively bullish as long as price holds above the prior resistance and current support zone. A clean loss of that area would change the picture, but until then this looks like a continuation attempt rather than a failed rally. Please feel free to share your opinions Thanks,