The US-China trade war continues to be a drag for Chinese names like Alibaba $BABA. It has been a falling knife in May, and just broke below the 200-day simple moving average (SMA) during the 5/20 session. This also broke a key support around $163-$164.BABA Daily Chart(click to enlarge)Bearish Breakout:- As we can see on the daily chart, breaking below $163 broke the 200-day SMA and a support pivot. - $150 might provide some short-term support, but I would not be surprised by a drop to the next key support around $130. - I think this trade war will make BABA an interesting candidate to buy the dip on and the $127-$133 area could be a great entry level. - I put entry orders at $150 and $130.