Speculation and recent news have influenced the stock’s price movement in the short term.
”The US House of Representatives will vote on bipartisan legislation that would impose restrictions on Chinese companies listed on US exchanges and requires certification that they’re not under control of a foreign government.”
BABA is still considered undervalued. It should retest the 252 support area.
”The US House of Representatives will vote on bipartisan legislation that would impose restrictions on Chinese companies listed on US exchanges and requires certification that they’re not under control of a foreign government.”
BABA is still considered undervalued. It should retest the 252 support area.