This is Alibaba daily chart. $Alibaba(BABA)$
Price on March 15 just below 0.618 Fibonacci retracement level from October low to January high.
Possible inverted head and shoulders to consider as well.
RSI in the lows.
There are a few gaps that could be filled. so I see 77-82 as a potential buying zone for a long term investment into this Chinese beaten down stock OR a good bounce zone for a short/mid term trade.
Trade safe!
82 was a buy.
The $17 move higher is just the beginning.
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