The reason for yesterday's plunge in BABA price was largely due to the impact of antitrust in the platform economy, and a similar decline as early as November 9-10, when it was also due to antitrust-related news in the platform economy, so the recent trend was heavily dominated by negative news. But share price volatility is still on the 0.618 line, and BABA, as a leader in China's Internet, still has plenty of room for correction after adjusting to the requirements. Keeping a close eye on the news recently, without any other negative news, the share price is likely to pull back to the 0.5 line and try to break up.
Disclaimer: Nothing contained in this idea and analysis should be construed as investment advice. Past performance is not necessarily indicative of future results.
Disclaimer: Nothing contained in this idea and analysis should be construed as investment advice. Past performance is not necessarily indicative of future results.