Alibaba Group Holdings Ltd.
Short
Updated

Baba The Pain

125
I mean what can I say about this stock, Long term holders are just in pain every single day

Well today is the earning and unfortunately I do not see any recovery BUT IT'S MY OPINION

We are at resistance which can be broken anytime with a little push, So once if it closes below 81, it is confirmed that it's going towards the blue weekly 61.8% retracement towards 70.
Last time it touched the long term trendline around 78 and bounced, this time I believe trendline is not a support anymore. Support is at around 65-70.


If you have any questions on the chart, pls feel free to ask me.

Note
Ok So new low this week but did not break 03/15 low. I am not ready to be bullish on this, waiting is better on BABA. Otherwise pain will continue if trapped above.

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