I am really impressed with how $BIDU has been moving and I suspect this is a glimpse into how $BABA will start moving once it gets the momentum behind it.
$BIDU is up 20% now after bouncing on the perfect 0.618 Fib at $107.
Next test will be the 200 Day MA at $133, big test here, as once the price action holds above the 200 Day MA, the trend is in favour of the bulls and the impulse wave.
Wave 3 target remains quite high here at $243.