$BABA: $200 Short Target + Long PotentialFirst off, please don't take anything I say seriously or as financial advice. As always, this is on opinion basis. That being said, let me get into a few key points. Doing head and shoulders for recent correlation waves, I think a reasonable short target given the current $194.19 price for Alibaba -2.94% down, (mostly bearish quarter), it is still quite conservative to do a sell off target for $200 for a quick turn over profit. Alibaba is expected to go back up given the time period we are in and it didn't have too bad of hit given the Covid19 period, showing as a Chinese company it is a stable growth stock.
