BABA is showing a great deal of relative weakness into market strength and it might be a sign this isn't quite done with the selling yet. If FXI can keep heading up it may be able to pull this up but as of right now I have to consider potential weakness around this area.
Note
Munger is a big helper for this play. FXI needs to hold here otherwise we could see much lower.
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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.