BABA: 1.6 Million Share Block Trades and Two Gaps to Mind

Following BABA? With price coiling inside of a wedge on the daily, we zoom in to determine where things go in September.

Personally, I'm a little meh on BABA breaking higher due to Chinese macro. But if we get back above this massive block trade seller from early August who laid 1.65 million shares down on the 7th, then that juicy upside gap is next...

...but if we can't clear those blocks, then we get a quick fill of that recent downside gap.