TopgOptions

BABA close to the dead cat bounce area

Short
NYSE:BABA   Alibaba Group Holdings Ltd.
BABA almost touched my $98 price target from this post:

My forecast is a reversal to $116 level before dropping to the 2016 area of $86.
You can spot the bearish trendline in the chart.

Looking forward to read your opinion about BABA.


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