i.Wish BABA < $80; Mar Q reports a miss in its topline

Alibaba will remain to be the leading eCommerce and Cloud platforms in China. Its leadership position enables it to benefit from industry growth and economies of scale. Alibaba has industry-leading investment in R&D to facilitate cross-selling and targeting. Hence there should be room for customer management growth. It also runs industry leading B2B and cloud services, and has initiatives targeting large addressable markets such as overseas eCommerce,
new retail, O2O and an affiliate, Ant Technology.

Bank of America reduced BABA price target from $144 to $132.

I am using the daily Elder Impulse along with my drawing scheme to build up my BABA position for its June report.