$BABA Ichimoku Cloud Analysis

$BABA is trading in a range of $80-$85 with no upside momentum.  The Ichimoku Cloud is bearish and Tenkan Sen (blue line) is below Kijun Sen (red line) and the cloud's thickness offers strong resistance to the upside up to $92.50.  The leading span is thinning due to the tight trading range, but is pointing downward.  Chikou Span (closing price shifted 26 days in the past (green line) is below the price curve and further confirms the bearish state.

Conclusion
It would be best for investors to avoid this stock until it demonstrates some upside momentum.