Since the first news that the US is going to ban Chinese companies to list on the US stock market, $BABA was one of the first to took the hit. This can be seen in the volume spikes when investors started to close their positions.
The two uncovered gaps to the South are also making an impression. Volatility has calmed down since then as seen in the lower volume levels, but we are not witnessing any fresh buying or selling.
Price is currently in a range after getting out of the long-term uptrend.
The two uncovered gaps to the South are also making an impression. Volatility has calmed down since then as seen in the lower volume levels, but we are not witnessing any fresh buying or selling.
Price is currently in a range after getting out of the long-term uptrend.
