I said yesterday that I wanted the price action to drop a little bit more to $89 or below so we can get a proper test of the 0.618 Fib at $87 and we could see a flush down to this level at the opening today
A test and hold between $87 - $89 today and I will add.
$BABA is still undervalued
Still below its 200 WMA at $111
and Still in a good looking impulse wave
I am comfortable accumulating above $87.