Here is my first crack at Fib levels for BABA.
It's a bit early in the life cycle of this stock to declare fib levels, after all its been less that 2 months. But when a stock is as fresh out of the gate and into new all-time high territory, its about all we have to go on.
If we clear this recent high, next resistance is at the 261% red line at 125.63.
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