BABA is looking quite grim on the weekly.

BABA broke a key level of support on the weekly near $165. I would not begin scaling into long term swing positions until we approach the major support level on the weekly near the low hundreds. Solid earnings will likely provide some scalping opportunities on the .5 and .618 FIB levels. However, the chart looks quite daunting to be risking much capital.
Chart PatternsTechnical Indicators

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