BABA gapped lower to new lows, opening the 68.00 (IPO price) as the next target. Below there could extend the downtrend towards the 62.80 projection (as shown on the daily chart). The 76.21/76.15 resistance area (prior lows) should cap near-term bounces.
Outlook:
Short term: bearish
Long term: bearish
Outlook:
Short term: bearish
Long term: bearish
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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.