NYSE:BABA   ALIBABA GROUP HOLDING LTD AMERICAN DEPOSITARY SHARES EACH REPRESENTING ONE ORDINARY SHARE
Price currently is hovering within a descending triangle , it looks like sellers are getting impatient with each rally.

S/L: 89.83
Open: 88.31
T/P: 72.94

Any further downside from this triangle base of $86 is untested.
It'll be interesting to see how this develops. As usual, IPO hype, bubble burst, & back to mean.
5+
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