Overreaction on China news? Buyers may be back. [Trade Stocks and Forex: BABA]

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BABA bulls looks unfazed as uptrend channel support line remains intact for now. It seems like shorts have finished their party and are packing their bags with bullish price actions observed above 165 dollars indicating that buyers are back to defend. Hence, it looks like there is more room to go for the buyers.

BABA]