Alibaba has been selling off hard over the past week to the surprise of many, including, painfully, us. It’s now down 9.3 percent from last week’s high at 120. The stock bounced near its 20-day moving average today, closing off 1.80 percent. The 20-day moving average is at 107.08 and rising and the key Fibonacci retracement levels are shown below. Stay tuned.
(click here if chart is not observable)