BABA at $119.06 with 68% long positions, buy/sell ratio 2:1. Price prediction at $117 suggests smart money is bullish, despite chart trends.

The stock symbol BABA is currently trading at $119.06 and is struggling to rise above key moving averages. Market momentum is stagnant, with top traders holding 68% long positions and buy trades outnumbering sell trades at a ratio of 2-to-1. However, the stock faces a significant hurdle in attempting to surpass the $121.27 mark.