The reason for yesterday's plunge in BABA price was largely due to the impact of antitrust in the platform economy, and a similar decline as early as November 9-10, when it was also due to antitrust-related news in the platform economy, so the recent trend was heavily dominated by negative news. But share price volatility is still on the 0.618 line, and BABA, as a leader in China's Internet, still has plenty of room for correction after adjusting to the requirements. Keeping a close eye on the news recently, without any other negative news, the share price is likely to pull back to the 0.5 line and try to break up.
Disclaimer: Nothing contained in this idea and analysis should be construed as investment advice. Past performance is not necessarily indicative of future results.
Disclaimer: Nothing contained in this idea and analysis should be construed as investment advice. Past performance is not necessarily indicative of future results.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.