Alibaba is retreating sharply after cracking 180 last week. Alibaba $BABA Daily Chart(click to enlarge)Support in an uptrend:- If Alibaba is still on an uptrend, the current consolidation/correction should find support around 160, while the RSI holds at or above 40.- However, below 160, we should limit the bearish outlook to 150 for now. Here , we have a support/resistance pivot, and the 100-day simple moving average (SMA). - If price drops to 150, look for the RSI to be under 30. Even better, if you see a bullish divergence between price and the RSI here, anticipate a rebound.