After long waiting to settle probably it will stop bleeding at 81$ since it's close to trend line and retest previous lower, It's really a good support level, Anyhow lets watch
break trend line and insist to trade below it ! anyhow still waiting for pullback
I think we will wait a bit long time till this dawn trend over , But this is speculative stock . So just sell it and buy it at the right time.
Always keep it simple SUPPORT 530 , If broken short to 480 RESISTANCE 580 , If exceed WITH good volume long to 700
BABA did really well after good announcement but now it's profit taking time or at lest some of yours profit .
seems it had reached supposed target and now it's time get out , but i don't mind for some speculate for mean time :), till it confirm down trend, how ever it's a monthly chart so it may take a serious long time to reach bottom. resistance 174, if it mange to exceed this resistance next target would be 211.
I think we still have one huge move heading around 750$ , Hopefully next earning