Alibaba Is Down 60% From Its All-Time High. Is This the Once-in-a-Decade Setup That Patient Investors Wait For?

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Alibaba (NYSE: BABA) closed beneath $115 on Aug. 31, placing it about 60% beneath its all-time closing excessive of $298.65 set in October 2020. The mathematics on that drawdown might appear to be a present. I don’t suppose it’s one, and listed here are three the reason why.

That is the half that breaks the…

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