BABA has noticebly been trending down since June 2018. In my opinion, it is not surprising given the current geopolitical climate.
- We can see BABA currently testing a previous Fibonocci level at around $170 -I will be watching to see if it can push through this retracement and if it does I will be looking for a short long position the $180 retracement level - Will keep you updated on any new developments.