In line with my previous post, expect BABA to bounce from these levels to ~170 resistance. It's a true value play (with famed investor Charlie Munger doubling down on his position in recent weeks). I expect institutional money to roll into Chinese equities in the coming weeks as US rates continue to increase, while China loosens its monetary policy.
Jack Ma has also reappeared in recent months, and we have the Winter Olympic Games right around the corner... Looking for a MACD crossover and for Stoch RSI to continue upward.