Alibaba Rising from the Ashes after $2.8 Billion fine

Alibaba was fined $2.75 Billion by Chinese regulators and so of course immediately shot up 9%.

Now that there is some certainty again, if the stock manages to continue to move up through the next resistance area it might keep going to close that gap and put on another 10% or so.

Could be a good swing trade, just need to see if it can get to the $246 mark.