Looking for upside after China slaps BABA with huge fine Long

Alibaba Group Holding LimitedNYSE

Description

⋅ Apr 11, 2021 1:56 AM

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

UnknownUnicorn7245819

⋅ Apr 11, 2021 1:30 PM

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.