Alibaba Group Holding Limited (NYSE:BABA) sprang to life with a buy signal today (5/21). After being in a prolonged sideways movement for the past 3.5 months, Alibaba gave a major trend change buy signal today with a green monthly Trade Triangle kicking in at $91.88.
A Fibonacci retracement of this stock would take it back to between $100.21 and $104.88. You would use this as your initial target zone.
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