BABA is consolidating near 20 D moving average and above 23.6% Fib level. It's in triangle. As daily bar closes over MA 20, it will also breakout of triangle too. We can go long there.Note
Short term Target: 270 - 280 (gap fill)Intermediate Target: 290 (gap fill)
Ultimate target: 320 (previous ATHs)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.