BABA formed a double bottom with a bounce from the trendline and closed above the fib. I still think it is one of the best catch up play in the market. If the stock can close above $79, it will validate double bottom and channel breakout.
I added more on the morning dip. Let's hope that I am right. 🙏
The price targets from Jan 2nd is not changed.
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I am not a licensed professional. None of the posts that I published are investment advice. Do your own research.
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.