Thoughts on BABA retesting 120 soon

It's always a gamble, but I'd put the odds of $BABA retesting the 120 handle by end-of-week at a solid 60%. The daily chart shows decent momentum, and while it dipped from its intraday high of 119.935, the bounce off 118.08 shows buyers are still lurking. If it can hold above 118.5, we might just see it kiss that level again, or at least try to, before the weekend calls.