A lot of people are getting excited about $BABA this week and rightly so.
We can see that there has been a clear test at the 200 WMA again this week at $107 and finished the week before this level
Ideally if we get another higher low pull back to between $93 and $90, then those who did not accumulate in the Buy Zone under $87 could add again
I would also be interested in adding again between $93-$90 if there is a solid 3 wave pull back and hold.
I can not fault this chart and have had a very high conviction here towards $BABA and the HSI for a long time now.....we should be getting what we deserve soon, although I am already in comfortable profits right now.