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Elkinthewoods1

BABA descending channel - Jan 1 thoughts

Short
Alibaba Group Holdings Ltd. (NYSE:BABA)  
Elkinthewoods1  
NYSE:BABA   Alibaba Group Holdings Ltd.
Parallel Channel BABA alibaba short options-strategy options
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parallelchannel baba alibaba short options-strategy options
looking at Fib retracement along the channel trying to gauge a reasonable scenario.
A $130 target for Jan 1 is well within the existing data trend. Looking at options for early Feb in that range.
One caveat is that our last two months are typically big for online retailers, which may buoy BABA a bit.
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