Alibaba $BABA has been consolidating since cracking the $205 mark. The daily chart shows a market that is neutral-bullish, and could be developing a bullish continuation scenario.BABA Daily Chart(click to enlarge)Bulls in Charge:- Looking a the daily chart we can see that although price action flattened, it has held above the key support around $164.40.- Furthermore price is above the 200-, 100-, and 50-day simple moving averages.- The RSI has held above 40 for the most part after reaching above 70 in January. This shows maintenance of some bullish momentum.- Now, price is cracking a falling resistance, and opening up at least the previous high around $205.- With the prevailing bullish trend still intact, we should anticipate an eventual break above $205.Bearish Scenario:- If price gets stuck under $200, and then falls back below $180, we might see it retest the support around $164-$165.- A break below $164 then opens up a bearish correction scenario.