Alibaba fell about 8% on Tuesday, but made back about 3.5% on Wednesday. This came after Ant Group halted its initial public offering in China. Alibaba had been trending above its short- and long-term moving averages ahead of earnings and ahead of Single’s Day coming on November 11th. So, was Alibaba also moving in anticipation of earnings, which come on Thursday? And is it time to buy Alibaba after the hard selloff and with earnings coming soon?
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