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China’s best-known e-commerce stocks fell. Among them, Alibaba lost 10.3% to $98.52, and Pinduoduo dropped 9.2% to $54.41, both worse than the percentage declines in the Nasdaq and S&P.
Social media BiliBili also had 10% of its value wiped out, falling to $23.49. Search engine Baidu lost 7.7% to $131.88.

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Bitcoin prices have recorded sharp losses recently, pushing the digital currency to its lowest in more than a year. Several analysts weigh in on what variables fueled these losses.

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Chinese search engine behemoth Baidu’s stock (NASDAQ: BIDU) has witnessed a solid rally over the last month, gaining over 40%, compared to the broader S&P 500 which was up about 4% over the same period.
The daily price broke Ichimoku cloud to above for the reversal to the primary bullish market condition. The price is on ranging near and above Ichimoku cloud for 155 resistance level to be crossed for the primary bullish trend to be continuing. ...

The selloff in Tesla shares this year presents an “attractive entry point” for investors: daily price was bounced from 620 support level to above 792 target to re-enter to the possible daily bullish reversal to be started as the final target.

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Uber stock (NYSE: UBER) has declined by about 42% year-to-date trading near $25 per share, underperforming the broader S&P 500, which is down by about 14% over the same period. But the daily price is located below Ichimoku cloud in the bearish area of the chart by trying to break symmetric triangle pattern on the daily close bar for the rally to be started.
Conclusion: Bear Market Rally.

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