It seems
Based on history since IPO, the share price is in an upward trend. But there is 2 times the candle overshoot the support.
Expect the same, will drop to around $191 before a rebound.
Fundamentally great, can't go wrong unless China forces BABA to close which is impossible.
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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.