BABA looks very bullish at this point
If you follow me... For example, when it came to APPL, I clearly stated to day trade it, when the temporary up move was in play. The reason - it was unknown to what point apple was going to pullback (UP) until it reversed for a severe drop. However, yesterday I said BABA was bullish, I still maintain only considering big drop on Sep 6/7, it is now VERY BULLISH in my humble opinion. There was no mention of quick play, BABA is bullish and the target price is +$121 and then some. This is not overnight play! I will update, as things develop. For now, my reading of the chart is UP UP UP. We shall see.
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