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Benzinga
Benzinga
Business
Tyler Bundy

Will Alibaba Stock Climb Out Of This Bearish Channel?

Alibaba NYSE Russia Ukraine U.S.-listed

Alibaba Group Ltd. (NYSE:BABA) shares were trading lower Friday alongside other U.S.-listed Chinese tech companies as investors assessed the possible ripple effects from the escalating war between Russia and Ukraine. 

The stock continues to trade lower as the descending channel in which it has been trading in holds strong.

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