Alibaba Recovery Falters at Pivotal Hurdle Ahead of Earnings
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Investors in Alibaba Group Holding Ltd. are showing little signs of optimism ahead of the Internet giant’s third-quarter results later today.
The stock slid immediately after the opening bell on Thursday, retreating from an area of resistance marked by the 50-day average and the upper end of a falling channel that has been in place since the August peak at HK$100.