With the new regulation in tech company, $Alibaba(BABA)$already face the wrath and fine. Other tech company are beginning to face investigation too.

Generally all tech company in China will be affected but the larger company with strong fundamentals should come out on top. Once all is over and the sentiment turn back positive, we should see Alibaba going closer to $300. At the meantime, I will look to buy in at every support level.

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