$BABA is up nearly +4% now in the PM after a positive day in the market on the HSI.
$BABA has also been performing relatively well since the flush down at the end of March and my assessment is that the market feels that China is in a position to handle the tariffs imposed by the Trump Admin and appears to be holding its own.
We did at add at $101 and happy with our buy while being in the Buy Zone and holding above the 200 Day MA.
I have added in the smaller green fibs to see how this pull back has behaved and it has been standard so far.
Holding above $103 and I expect Wave 3 to continue as expected.
However, I am expecting some delays with moving higher until the market settles, the uncertainty will likely continue for more weeks.