Did Alibaba Just Bottom? Let’s Look at the Chart

Alibaba  (BABA) – Get Alibaba Group Holding Ltd. Report has been a train wreck. While the stock is up 10% on Monday, it barely looks that way on the chart.

That’s after 11 daily declines in the past 12 sessions, three consecutive weekly declines and five weekly declines in the past six weeks.

It’s also as Alibaba works on its fifth monthly decline in the past six months. Despite today’s strong bounce, shares are still down 4.5% for the month of December.

Plain and simple, this stock has been decimated. It prompted our writers to ask, What Is Going On With Alibaba Stock?