BABA
BABA: 32 Analysts Rate a "BUY" with 40% upside After rising to new highs this year, BABA stock has retreated to $220 levels.
This may still offer a safe and good buy, with a projected 40% upside for the upcoming year.
The median price target is $322 and the highest price target is $407.
Note the red button on the MACD, we may see some more downside, but it shouldn't be huge unless the market as a whole really crashes.
I may buy this stock and hold long-term. This is not financial advise, do your own research.
What do you think?
Resource:
www.pricetargets.com
Symmetrical Triangle ALI BABA - Crucial MomentThe day before they post their earnings, BABA shows a symmetrical triangle, which is composed of a diagonal falling upper trendline and a diagonally rising lower trendline. As the price moves toward the apex, it will inevitably breach the upper trendline for a breakout and uptrend on rising prices or breach the lower trendline forming a breakdown and downtrend with falling prices.
Crucial Moment!