View: BABA_Daily_May202015.jpg


BABA closed back into its January gap down range. 

Drawing a fib retracement from its high to low, notice how: 

1. The 38.2% lines up with close of first day of public trading 

2. The 50% lines up just above the close before the gap down 

Sadly, bullish stance on BABA into the 50%


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