more downside
Looks like BABA can face a little bit more downside before there can be a reversal. I am seeing BABA touching the 244 price area or the 200 MA before there can be a clear reversal. However, I would not go long yet even after that point has been reached because there could be a consolidation first the stock can decide where it will decide to move.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.