BABA is overheated and may slide down back to the range

Alibaba stock price was moving in a sharp rally within the last two weeks period, having reached the psychological level of $117 and a strong resistance area. If this level holds, it’s possible to witness a wide “cup-and-handle” pattern, which might serve as a trigger to an intermediate-term reversal. Otherwise, price may plummet following profit-taking that might follow.

Don't forget - this is just the idea, always do you own research and never forget to manage your risk!