Hi,
In my opinion, we should expect a reversal of the bearish trend for a couple of days. Price target ~250$.
Bull candle hit through the resistance level after news that BABA is allowed in the USA and will not be delisted.
BUT, in real life, all shortists mass could drop the price down. I believe that BABA should launch another share support program to support the bullish trend.
If it will happen and BABA hit through the resistance level @255, then it is just a time question when it will hit the next resistance @300, in some days or weeks.
This is my personal opinion, not investing advice.
AG
In my opinion, we should expect a reversal of the bearish trend for a couple of days. Price target ~250$.
Bull candle hit through the resistance level after news that BABA is allowed in the USA and will not be delisted.
BUT, in real life, all shortists mass could drop the price down. I believe that BABA should launch another share support program to support the bullish trend.
If it will happen and BABA hit through the resistance level @255, then it is just a time question when it will hit the next resistance @300, in some days or weeks.
This is my personal opinion, not investing advice.
AG