Fibonacci43

BABA Daily chart with Fib and Ewave

Long
NYSE:BABA   Alibaba Group Holdings Ltd.
Looks like BABA resting on some support today after falling from support yesterday. Currently resting on .786 fib level. BABA is CHEAP right now, but there can be more downside with major support at $230-ish level as the ultimate bottom (unless there's a market-wide sell-off this is not very probable. I am personally adding to my March calls here.

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