Alibaba fail to rally further above 190 for the third time - Tripple Top. Doji formed at the peak around 190 with Oscillator oversold. Based on Fibo, price is expected to pullback to 179-184 region to test EMA20 (support) where it can be potential buy area.
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Update : Spot on. Apparently, the price drop to around Fibo 0.618 or $180 after fail to break double top.. Looking at overall chart, The price has achieve 100% above rounding bottom patterns (ie. $60 -> $120 -> $180). Looks like $180 is very important resistance turned support line.. Further buy above $192 where price break triple top...