Alibaba Group Holding Limited ($BABA) is currently trading at approximately $95, reflecting a significant decline from previous highs of $120. Analysts suggest that the stock may have about 4% downside potential before reaching a critical support level around $94, which coincides with the 50-day moving average. A Fibonacci retracement analysis indicates that a 50% retracement would also align with this support level. There is speculation about a potential bounce from this point, with some analysts estimating a possible upside of up to 12%. Meanwhile, Baidu Inc. ($BIDU) is noted to be among the hardest-hit Chinese stocks, with analysts suggesting it is approaching a bottom.