After 9 straight days of red, BABA BABA shares are finally bouncing. The stock bottom out at $252.50 on Wednesday (Nov. 11th), a 20% decline in just 2 weeks.This whip-lash selloff was catalyzed by regulatory concerns surrounding Alibaba: Ant Group's IPO suspension (Alibaba has 33% stake), China's anti-trust 'draft rule' aimed at Alibaba, and SEC's talk about delisting Chinese companies was the icing on the cake.This drop was overdone and pushed BABA shares into very oversold territory, which led to the two-day bounce we are seeing. BABA is up 5% since Wednesday's lows fighting at the $265 resistance level today.Whether this is the end of the pain for BABA shareholders remains to be seen, but a short squeeze is evident these last couple days.If we can materially get past $265, the next resistance levels to watch are $268 and $270. On a big downside push, I am looking at the 200-day MA around $240, a price where I would mortgage my house to buy more at.5 Stocks Set to DoubleEach was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Alibaba Group Holding Limited (BABA): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research