Alibaba Group (BABA) gapped sharply lower last week on news that Chinese regulators have launched an anti-monopoly investigation into Alibaba. Let's check and see how much damage was done to the chart and indicators.
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We must figure out what really happened on the move up, because it had as much to do with real-world prices of assets as it did with the end of COVID doom.
The stocks that hungry traders favor the most performed poorly and speculative liquidity dried up.
This market is either going to test your patience or your fortitude.