UnknownUnicorn72407

UnknownUnicorn72407

Previous post-selloff consolidations were followed by a rally, so if BABA continues to consolidate in it's current range, a rally seems likely.

UnknownUnicorn72407

After several weeks of selling, U.S. and Chinese markets are both signaling a potential reversal in the short term. A relief rally seems logical at this point.

UnknownUnicorn72407

Bearish for the short term. Unless we get some pump action and break the 0.5 fib, I think we'll slip into the 14 range. The 0.786 fib is a nice support area, so I'm watching the 0.786 to 1.0 fib range for a potential trend reversal.

UnknownUnicorn72407

long target range: 15-13