$BABA also got rugged pulled post earnings along with $ABNB and $PYPL. $ABNB has recovered and made a higher high, while $PYPL is slowly working its way back up too.
Market makers know how much the retail investors are interested in $BABA and $PYPL and may have gotten their hands on some cheap stocks now from soft hands.
$BABA is now back above the 50 Day MA and moving within this Inverse Head and Shoulders pattern.
Institutions continue to add here because it is undervalued and hold 40% of the market cap in cash, if the HSI recovers, $BABA recovers with it.