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TheBinPBLinvest

BABA sitting on global support with bearish sentiment

Long
Alibaba Group Holdings Ltd. (NYSE:BABA)  
TheBinPBLinvest  
NYSE:BABA   Alibaba Group Holdings Ltd.
Support and Resistance Fibonacci
3
2
supportandresistance fibonacci
Baba is currently sitting on global 0.618 fibonacci golden pocket and anchored VWAP from the start of its trading. This combined with overall bearish sentiment for the chinese stock, gives me reason to believe we will form a bottom here.
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