Alibaba Group holding DVR on NYSE
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Recent news of ALIBABA spin-off of its cloud intelligence unit has impacted the stock most in tech companies of Chinses companies mot stock of Hong Kong plummet due to this news.
If the level hold near $80+ then it may turn back to upper side as per technical however chances of downside may be high due to big news of not being in cloud business then BABA may see more downside if does not hold $78 (NYSE).
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