Alibaba Group | BABA | Long at $80.00
Alibaba Group 
BABA has the potential for massive growth. From a technical analysis perspective (and using my selected simply moving averages (SMAs)), the price of BABA is reconnecting with its primary SMA. It could ride this area for a while as it consolidates further, but this often means a future reversal of the downward trend. Thus, at $80.00, BABA is in a personal buy zone.
Target #1 = $89.00
Target #2 = $94.00
Target #3 = $107.00
Target #4 = $116.00
Target #5 = $305.00 (very long-term view...)
BABA has the potential for massive growth. From a technical analysis perspective (and using my selected simply moving averages (SMAs)), the price of BABA is reconnecting with its primary SMA. It could ride this area for a while as it consolidates further, but this often means a future reversal of the downward trend. Thus, at $80.00, BABA is in a personal buy zone.Target #1 = $89.00
Target #2 = $94.00
Target #3 = $107.00
Target #4 = $116.00
Target #5 = $305.00 (very long-term view...)
Note
Target #1 reached for a 11.25% gain ✅✅✅.Note
Target #2 reached for a 17.5% gain ✅✅✅Note
Target #3 reached for a 33.75% gain ✅✅✅Note
Target #4 reached for a 45% gain ✅✅✅Trade closed: target reached
Targets #1-#4 reached for a 50%+ gain. Target #5 still relevant, but trade closed.
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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.