Alibaba $BABA is trading around $179, which is a previous resistance since late July and again in August. BABA Daily Chart(click to enlarge)Sideways Market:- If we look at price action since second half of 2018, we can see that BABA has shifted from a bearish run to a sideways market.- But within this sideways market, we can also see that price didn't go back to the range support, which was around $130.- Instead, price held above $150 in June 2019 after a retreat from the range resistance around $195-$200.- This gives us some indication that bulls could be more in charge here. - Furthermore, price has been pushing at the $179-$180 area. - A break above $180 would open up the range resistance in the $195-$200 area. - With the bullish signal that price didn't get back to range support, I think price would break above $200 if it does get there. - However, if price fails to clear above $180, a break below $160 would open up the $150 support pivot, and the $130 low.