# Alibaba turning higher

*Can $BABA got to the 200 EMA?*

By [Stock Charts - Technical Analysis](https://paragraph.com/@stockcharts) · 2024-05-17

$baba, chart

---

![](https://storage.googleapis.com/papyrus_images/82a1a67632273e0997eb152481fa8c6e.jpg)

Alibaba stock chart - Weekly

Alibaba appears to be making a bottom and may be heading to the 200 EMA line (black in the graph) around $120. On the daily chart, the price is already above 200 EMA. First resistance is around $100, where last year the price bumped into twice.

[Disclaimer](https://telegra.ph/Disclaimer-05-06-43)

---

*Originally published on [Stock Charts - Technical Analysis](https://paragraph.com/@stockcharts/baba-stock-chart)*