There has been back to back positive news flowing for $BABA this week and this week ahead $BABA goes live trading where mainland Chinese investors are allowed buy $BABA, which could possibly open up as much as $5 Billion invested towards $BABA
They also finalised an investigation with the Chinese equivalent of the SEC and no action was taken
Soros management also revealed that they bought 1 million shares in $BABA just before their earnings release
I do like when we align with these legendary superinvestors.
Chart has not changed and I believe we are still in Wave 3 and I will look at the 1.618 Fib for Wave 3 to complete at $88.81.