The market may be falling but not all stocks are the same. BABA is already discounted as all the gains from the last year are wiped. Fibonacci indicators are showing a major resistance as a reaction to the aforementioned bull, which agrees coincidentally with the lower standard deviation of the linear regression of the last 2 cycles. The POC indicate a room for a bit more south movement, which seems plausible give the market condition. However, any correction will be small compared to that of the market. Eventually, I don't expect the price to near ATH anytime soon, but a small rebound is fine for some gains.
