Good day, traders!
We're looking into a possible sell setup for
$阿里巴巴(BABA.US)$And this is why:
1.) The price has been in an descending trend on the daily chart since the beginning of August 2020 to date.
2.) The price is currently trading at a all time low since 2016 around the 80.99 levels
3.) It's at the 127.2% Fibonacci extension where we might expect some reversal
4.) But the overall fundamental and technical view is that prices of Alibaba might drop further if it ...