$BABA is at the confluence level now, where the 200 Day, 50 Day, red line and 0.618 Fib are.
Bulls need to hold this line and I suspect $BABA is waiting for the HSI to confirm support and bounce too.
All we need to do is sit back and observe.
We will not be selling regardless of the outcome
I have no issues sitting on undervalued positions and waiting to start moving higher.