BABA appears to be consolidating after a nice run up. Waiting to see if this goes near it's trend line and see how it reacts. Assuming it will continue to rise as the company is profitable.
Comment:
BABA did come back naer the trend line but I was not willing to buy after the whole market sell off. I am still waiting to see what happens when the 10YR bond rate hits 3% which looks very soon. I am not convinced the market will not sell off one more time.