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HumanBias

Enough momentum to achieve $261.5

Long
Alibaba Group Holdings Ltd. (NYSE:BABA)  
HumanBias Updated   
NYSE:BABA   Alibaba Group Holdings Ltd.
Technical Indicators Trend Analysis Chart Patterns retracement extensionfibonacci extension
1
1
indicator trendanalysis chartpattern retracement extensionfibonacci extension
Enough momentum to achieve $261.5 before the February earnings release, where we can see a confluence of the fibonacci extension 1.618 and the top of the parallel channel drawn.

Manage properly your risk!

Not a fiancial advice.
Comment:
The reappearance of Ma could make this happen today.
Trade closed: target reached

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HumanBias
Price target $275
HumanBias
UPDATE: Price Target at $254-$256 (15th Jan)
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