Brief glance on historical deep drawdowns and recovery timelines to ATH from BABA. Recovery time is generally slower and took 1.5 to 2 times more than going down.
Conclusion: Don't be in hurry to buy the dip. There will be enough time for recovery. Wait for better confirmations.
Conclusion: Don't be in hurry to buy the dip. There will be enough time for recovery. Wait for better confirmations.
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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.