$BABA continues to stay tight within this range between $77 and $71 and traders must be really enjoying trading this up and down.
$BABA was less than a 1% jump away from testing the channel breakout on Friday but got swept into the sea of red which is likely down to the concerns in the middle east and not the US market itself.
$BABA still finished the week above the blue support line which has been tested a total of 8 times now since December and so the march to the yellow trend line continues.
Earnings are due Mid May, so I expect the HSI to influence before earnings release.