Tailwinds, strong fundamentals and good policies making Alibaba continuing this mid-term exponential growth.
Komentarz
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Short-term target: $240 Long-term target: +$400
Komentarz
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Lot of fib retracement confluences between 220 and 230 so this is my exact price target short-term as weekly MACD evidences (till february 2021). But buying 5% before to avoid being left out.
In february we will see their next earnings release with the new POTUS at home, post-christmases COVID cases recoverying and more vaccines than ever so I think it could be a good moment for trend reversal.