$BABA has climbed well over the last week from $79 to $87, after bouncing on the 0.618 Fib and going back above the 200 Day MA and tested the 50 Day MA from below yesterday.
I would like to see the 200 Day MA converted to support as we lead into earnings which has not been announced yet but I expect this date to be released any day now.
We are still in the Buy Zone and the lower risk entry is a hold above the blue line at $87.
$BABA is in the accumulation zone now for me, I have already done this and if you are new here, this also should be considered.