Alibaba bounced off a strong fib support level

13 בדצמ׳ 2020

I drew these daily fib levels back in September, and it looks like the 256.5 level held up in the dip. If it breaks, that will be a worrying sign of weakness. Already on a path to recovery back to the 300s though. Holidays may add a nice bump end of year, we'll see if its enough momentum to bring it back.