BABA Bullish Breakout

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BABA just flipped the script on the 1D chart, breaking out of a well-defined double bottom with the neckline near $166. That push reclaimed the key moving-average cluster (20/60/120) and confirms a fresh market-structure shift to the upside, putting momentum back in the bulls’ hands.

The clean continuation trigger is a 1D close > $182.00, which keeps price acceptance above the breakout leg and opens a runway toward $188 first, then $195. If we get the more “textbook” move, watch for a pullback into the former resistance turned support at $166–$168, then a reclaim with a 1D close > $170.00 to aim for $184 and potentially $185 as the trend matures.

If this move is a bull trap, the warning sign is a 1D close < $158.00—that would unwind the breakout pressure and shifts focus to $148. A decisive break below $148 would invalidate the entire reversal structure.

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