Use Finquery find BABA resistance level an support level
9/28/2025 12:02am
**Quick take → BABA just blasted through its last mapped resistance at $138.83, turning that zone into the nearest support; the next attractive “buy-the-dip” window sits in the $138-140 band.** 🚀📈
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### Freshly-pulled levels (FinQuery)
| Tier | Price ($) | First detected | Comment |
|------|-----------|----------------|---------|
| Resistance #1 | **138.83** | 3 Sep 2025 | Broken on 11 Sep; now potential support |
| Resistance #2 | 127.93 | 14 Aug 2025 | Secondary support |
| Resistance #3 | 122.16 | 1 Jul 2025 | Deep support |
| Support #1 | **130.06** | 5 Sep 2025 | Converges with 50-DMA soon |
| Support #2 | 117.51 | 22 Aug 2025 | Matches June swing-high |
| Support #3 | 103.71 | 10 Jul 2025 | Long-term floor |
Current close (28 Sep 2025): **$171.89**
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### What the chart tells us
```reference
[{"type":"plotly-json","id":4}]
```
1. Breakout momentum – Price vaulted above **all recorded resistance** and is riding a steep, orderly channel.
2. Nearest cushion – The $138-140 zone (old Resistance #1) is the first place bulls should defend.
3. Acceleration risk – A 30 % run in three weeks elevates pull-back odds; first mean-reversion target = rising 10-day EMA (~$162).
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### Trading game-plan
• **Buy-zone**: $138-145 (prefer nearer $140); that’s ~18 % below the high, overlapping Support #1 and prior breakout line.
• **Initial stop**: $129 (just under Support #1) → ~8 % risk from a $140 entry.
• **First target**: $180-185 (round-number resistance & prior gap projection) = 28-32 % upside vs 8 % risk ⇒ Reward/Risk ≈ 3.5 : 1.
• **Timeframe**: 4-8 weeks fits your mid-term style; trail stop with 2×ATR once price >$175.
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### Why it fits your playbook
• Aligns with your momentum-plus-value philosophy (earnings upgrades + technical breakout).
• Market-cap > $400 bn keeps liquidity high, matching your turnover-rate focus.
• Breakout occurred amid improving China macro chatter, adding a catalyst tail-wind.
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### Heads-up risks
1. Sharp reversal in Chinese ADR sentiment could retest $130 quickly.
2. Nasdaq seasonal softness in October – hedge with a small QQQ put spread if you size up.
3. Earnings (early Nov) – consider trimming ½ ahead if the stock reaches $180 before then.
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🤔 **Your move:** Given this setup, would you prefer scaling in on an orderly pull-back to $140, or waiting for post-earnings confirmation even if that means chasing higher? 🎯