Hello friends!
BABA (Alibaba) is an example of how a State Power can influence a company for good or bad. In this case we can see how Bearish became BABA since the suddenly suspension of the linked IPO ANT on November 3th. And then, it looks like every week they are pushing a News in order to maintain the bearish tendency of BABA.
Today it did an incredible deep of more than -8%. BABA-W (9988 in HK) has a value of 228.20 (going down of 8.132%).
I was trading just since yesterday a Bull (50091), but just today it was suspended. So I don't know if it will be lose.
How long will continue this bearish? Months??
So for now, I think is better to put any monies over BTC, which is in a correction.
Merry Christmas for everyone!