BABA price forecast: Bears dominate chart, but $113 rebound likely before next drop. Stock pinned at $109.22.

Currently, BABA's stock is trading at $109.22, hugging closely to its lower Bollinger band. The stochastics indicator is registering in the single digits, indicating a potential imminent rebound towards the range of $111 to $113. This setup suggests a short-term reflexive bounce.