BABA showing some interesting moves off a retest

Been watching $BABA this past week and today's action is certainly getting my attention. We had a pretty decent pop, closing at 108.968, which is a nice +11.03%. What's more interesting is the intraday low of 105.65 felt like a decent retest of that prior resistance area around the low 100s, which is now potentially acting as support. If it can hold above that 105 level on any pullbacks, it suggests we could see further upside towards the 115-120 range. The risk, of course, is if we dip back below that 105 handle and can't reclaim it quickly; that would invalidate the idea of this being a successful retest and could see it heading back towards the 100 psychological level or even lower. Just my two cents, but it's on my watchlist for potential continued strength.