BABA has surged really nicely after several months of downtrend bouncing from the low of ~$57 to inside the current Bearish OB . This OB is inside the OTE Short zone of this last downward leg. Given the overall trend is still down, we can assume this up leg is a short squeeze and will pullback soon to test support. To support the idea, we also have an ongoing daily bearish divergence on the macd histogram.