HumanBias

UPDATE: Price Target at $254-$256 (15th Jan)

Long
HumanBias Updated   
NYSE:BABA   Alibaba Group Holdings Ltd.
Perfectly reached my yesterday's first price target of $243.

Now MACD bearish in 1h so I think it’s posible to start the day or premarket bearish until EMA200 and fib. Retracement 0.786 at $240-$241 aprox. Possible but not probable because the bullish general sentiment (as seen in postmarket).

Then rebound to the ascending parallel chanel at my yesterday's second objective at $254 - $256 aprox.

This stock is IMO one of the safests we have in the market right now if you want to grow your money stably.

Not a financial advice. Just my thoughts.
Comment:
Due the bullish sentiment in premarket, I discard the rebound at the EMA200. Just moon!
Trade closed: target reached
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