TradingKey – Alibaba Group (NYSE: BABA) closed the week trading between $111 and $113 after posting its best two-day run in 10 months on a rally of about 12% on the heels of four events that addressed some of the stock’s headwinds. On the daily chart, prices bounced off the 0.5 Fibonacci retracement at $113.06; the relative strength index (RSI) of 53.92 is in neutral to bullish territory.

The next two levels up are the 0.382 Fibonacci retracement at $134.16 and the 0 at $160.25. A confirmed close above $132.70 would be positive for the bullish case for the week ahead, as Alibaba announces fiscal Q1 earnings on Aug. 28 and the consensus is for $2.44 EPS, up 29% year over year. The average price target for BABA from analysts is $190.83,…