I saw an LDC (lower degree correction) on BABA last week. We got bad news over the weekend about a fine to the tune of $ 2.8B, but BABA went up further on Monday. This is a testament as to why sometimes the technicals are superior. News doesn't always reflect the reality of the stocks. Good news can sometimes hinder on a stock price and bad news helps the stocks grow. Always trust the patterns.
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