$BABA to hit $85 this week, bounce and continue lower to $80

Current trend and following the Gann Fan, the stock is continuing a longer trend lower. Options data are showing a massive $85 magnet for this week and eventually it shifts to $80 in October. There is room for a rally end of September, but not long term.

Trade closed: target reached:

Reached the $85 target, will adjust further, but $80 is the next target.