The stock had a nice bounce of support yesterday after blowout results from singles day.
It is seen as a muted response to such massive sales numbers ($38.4 billion) nut possibly investors were taking notice of the indicators which are pointing to a little consolidation is required.
33 is very reasonable given the growth and a overall BUY rating from analysts.
We would see a sizable break above the long established downtrend as a GREEN light buy signal.
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