192 days ago • Posted by Charles-Henry Monchau

Alibaba is testing the lower boundary of its ascending channel after Ant Group pulled the IPO earlier today

Alibaba stock (BABA) is down more than 6% on massive volume while there are still few hours of trading to go. China suspended Ant Group's $37 billion stock market listing on Tuesday, thwarting the world's largest IPO with just days to go, in a dramatic move that left investors and bankers scrambling for answers. Will eager Ant buyers move to Alibaba instead and thus support the stock? Source: The Market Ear, Refinitiv 

BABA chart