$BABA - Possible upside to the next target areaNYSE:BABA It looks like a successful neckline checkback. There’s a chance it could head toward the second and third targets soon.
The second target area of $88 to $90 is a strong resistance and might be challenging to break.
I’m guessing that NASDAQ:PDD can no longer engage in cutthroat price wars or endless promotions and might be losing market share to $BABA.
With China starting to ease its grip on tech companies, Ant Group might finally go public sometime in the future.
See Aug 14 post for price targets.
As always, I share my opinions and trades. I’m not suggesting anyone follow my trades. You do you.