Wednesday, September 24, 2014

Alibaba Stock May Have Found a Bottom

With yesterday introducing Alibaba to a new 52 week low of $86.62 or so per share, we saw a strong bounce back today.  Of course, technical indicators are limited right now due to the short trading history of baba.  I feel that there is a decent probability though that we have found at least a short term bottom and could rise nicely from here.

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