$BABA got a slight breakout from the wedge today at $83.80 but right now the price is still under the wedge line, so we need to see a breakout and hold above this level.
$BABA getting included into the China-Hong Kong Stock Connect is the likely cause of the positive sentiment today
The Stock Connect Scheme was expanded in April to boost Hong Kongs status as a global financial status and bringing $BABA on was a significant milestone.
No changes from the weekend chart, we want to see this continue higher to our Wave 3 target at $88.80.