probabilityta

Looking for upside after China slaps BABA with huge fine

Long
NYSE:BABA   Alibaba Group Holdings Ltd.
China slaps Alibaba with $2.8 billion fine in anti-monopoly probe. I will take this as good news as least we know, its consider like end of trouble for Alibaba.
Good to nimble at 100W MA. Break below 200W MA not a good sign. (Price below $200)

Comments

The stock has already priced in the worst-case scenario. There will be some small-term fluctuation. It will eventually go up in the long-term.
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