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$BABA - Good entry point for a bounce and long term

Long
Alibaba Group Holdings Ltd. (NYSE:BABA)  
Vinodinvest  
NYSE:BABA   Alibaba Group Holdings Ltd.
Trend Analysis Chart Patterns Technical Indicators vipwealthcreation
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trendanalysis chartpattern indicator vipwealthcreation
Positive Divergence with MACD & support at 0.618 Fib level
Gap down yesterday and high volume,
Lots of negativity surrounding Govt. interference with big tech companies in their home country.
This stock is not in favor currently - great time to start positioning for contrarian investing.
Good company and solid growth and fundamentals.
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