$BABA, Buy or Sell?
$Alibaba (BABA.US)$ 103
$BABA has retraced to an inclining Head and Shoulder target of about $98.
Accumulate $BABA stock near this level and Fib levels.
Also, take note of 61.8% and 78.6 Fib levels are $96 and $88 respectively. Normally, Wave 2 could retrace to these levels.
Once this correction move is over, it is going to explode to the upside!
My first estimate target is $160-165.
Good Luck and Trade Safe.
This is just my opinion.
Do your own due diligence.
$BABA has retraced to an inclining Head and Shoulder target of about $98.
Accumulate $BABA stock near this level and Fib levels.
Also, take note of 61.8% and 78.6 Fib levels are $96 and $88 respectively. Normally, Wave 2 could retrace to these levels.
Once this correction move is over, it is going to explode to the upside!
My first estimate target is $160-165.
Good Luck and Trade Safe.
This is just my opinion.
Do your own due diligence.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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