Alibaba Group Holdings Ltd.
Long
Updated

Next target $300

Today we've seen a fakeout of the ascending triangle formed since Jan 14, but IMO we have the fundamentals to break the triangle and reach this target where, by the way, there is a confluence with the 1.618 at $301.8.

I am more and more certain that BABA will reach $350 this year.

Don't forget that our opinions could be biased by our experiences and feelings. Manage properly your risk. Not a financial advice.

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Note
We can continue lengthening the triangle. (02/18/2021)
Trade closed: stop reached

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