ALIBABA. 4th August. Earnings beat estimates. Rebounded from long term up trend line with 4 up days (if up again today as expected.) Taiwan visit over.

Given the good earnings report, it would suggest that the drop to touch the long term up trend line was due to Nancy Pelosi visit of Taiwan. That is now over. If open very high it can be green (very strong) or red (candlestick bar) from profit taking.