$BABA - Falling knife or catching a bottom

BABA Boy! It sure give the bulls a feeling of catching a falling knife. I remain bullish.

The company seems to be not doing aggressive buy backs as the fall is making it quite obvious.

In terms of technicals, the fib is so far providing a support. If $67 fails, $63 is next. The bulls need to see the stock close above $73 to be reclaim momentum.