BABA Current narrative is China invading Taiwan soon. It's obviously US propaganda to try and boost american influence in Asia but it's not great for chinese stocks listed in the usa imo. Get ready to hodl.
BABA Apparently the SMA 20 (mid bollinger) acts as support on the monthly chart. This horrendous stock is now gonna move sideways for weeks and weeks before moving up again 😅 Eveything is so slow.......
BABA too early to call, but shares could be building out a triangle consolidation, which would suggest a painful move back around $100, and a long wait into the third quarter before a material move higher is realistic.