Alibaba: sell signal ranked 6th, but double bottom calls for caution

Alibaba Group receives a fresh weekly sell signal, ranked 6th among 96 sell signals for US stocks. The weekly structure is bearish, IQS at 81 out of 100, but on the daily chart a double bottom in the 122 area with an 11% rebound is underway: the confirmation week is still in progress and the outcome is not yet defined. The quality band flags trading not recommended.