BABA Boy! It sure give the bulls a feeling of catching a falling knife. I remain bullish. The company seems to be not doing aggressive buy backs as the fall is making it quite obvious.
In terms of technicals, the fib is so far providing a support. If $67 fails, $63 is next. The bulls need to see the stock close above $73 to be reclaim momentum.
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I am not a licensed professional. None of the posts that I published are investment advice. Do your own research.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.