BABA Update

Baba initally broke out, but with USA China tarriff uncertainty and poor PPI the other day the market fell and BABA fell with it. A good amount of BABA shares were also unloaded. It's holding onto the .236 fib, and back in the wedge. We still have the large wedge and an inverse head and shoulders and with Earnings projected to be on the 26th, we may get another stronger breakout soon. Gaps to fill above and below of course, but we have a gap recently created and many more to fill up to the 130s and 140s. Bridgewater and some Saudi groups dropped their BABA positions, however Michael Burry is still in leaps and shares and so is David Tepper and Cantor Fitzgerald. Also plenty of strong call flow in general for september, october, and even 2027 calls added recently this morning. Despite the failed breakout, I'm leaning bullish on BABA. Looking to get to the .618 fib at 128.4 before further breakout. Nfa.