Alibaba Group Holdings Ltd.
Short
Updated

Possible short-term correction to $247.5

Confluence of fib. 0.618 and the 200EMA in 1h timeframe. MACD bearish.

Note
Closing above $259 will invalidate this idea
Trade closed: stop reached
Stop reached and Ant’s IPO coming this year so this is very bullish IMO.

Good luck and trade safe!

Disclaimer