Alibaba Group Holding Ltd.
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$BABA: 80 Might Be Difficult

603
BABA is showing a great deal of relative weakness into market strength and it might be a sign this isn't quite done with the selling yet. If FXI can keep heading up it may be able to pull this up but as of right now I have to consider potential weakness around this area.
Nota
Munger is a big helper for this play. FXI needs to hold here otherwise we could see much lower.

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