BABA Daily Chart: Bearish Engulfing Reversal And Key Support Levels

Let me pull the daily candles so I can render the chart for you.

Here's the $BABA daily chart with the key moving-average stack and bands overlaid. You can see the 8/20 earnings pop to $130.62 and the 8/21 -8.6% bearish engulfing reversal on 3x volume right beneath it.

Reading the chart:

• The move: Early-August grind up from ~$112 to an 8/10 peak of $132.57 (a prior overhead level). After that it pulled back into a $122–$130 raft, then the 8/20 earnings gap to $130.62 — which immediately got rejected and reversed.
• The 8/21 red reversal candle is the standout print: opened $125.35, dropped to $119.23, closed near the low on 31.9M shares (3x average). It engulfed the prior day's body and broke decisively below the EMA8/EMA21 and the Ichimoku cloud boundary.
• EMAs flipped to overhead supply — price now sits below the entire stack (EMA8 $125.56, EMA21 $123.45, EMA34 $121.43). SMA50 support sits at $114.35, roughly where the July shelf bottoms were.
• Bollinger bands have expanded (bott down at $112) — the volatility expansion regime is running, so momentum is what you trust here.

Levels from the chart:

• Resistance: $125.6–$125.8 (reversal-day high + EMA8), then $130.
• Support: $119.2 (today's low), then $114.3–$115 (SMA50 + past congestion).

Bias stays bearish short-term — a break and close under $119.2 targets the $115 shelf; reclaiming $125.8 voids the reversal.