BABA-Jul202021-Normal-Bullish

The market may be falling but not all stocks are the same. BABA is already discounted as all the gains from the last year are wiped. Fibonacci indicators are showing a major resistance as a reaction to the aforementioned bull, which agrees coincidentally with the lower standard deviation of the linear regression of the last 2 cycles. The POC indicate a room for a bit more south movement, which seems plausible give the market condition. However, any correction will be small compared to that of the market. Eventually, I don't expect the price to near ATH anytime soon, but a small rebound is fine for some gains.