BABA BUY/LONG NOW READY! 216.80 301.70 By End 2021!
TICKER CODE: BABA Company Name: ALIBABA GROUP HOLDINGS LTD US Stocks Retail Trade Internet Retail
Position Proposed: BUY (Long-Term)
FOMO BUY ENTRY: 216.80 (NOW READY) NEXT BUY ENTRY: 213.40
1st Partial Take Profit: 301.70 (End 2021-Early 2022) 2nd Partial Take Profit: 363.25 (End 2022-Early 2023) NOTE THAT THE TIMELINE IS ONLY AN ESTIMATION
Stop Loss: 165.00
Technical Analysis 1. LARGE Rising Channel 2. Fibonacci Retracement at 0.786 3. 1st Partial Take Profit is at Fib Ext Level 1 Grey Zone (Safe Zone) 4. 2nd Partial Take Profit will be at trendline resistance level as well as level 2 of Fib Ext Blue Zone 5. Stochastic Expected to hit Stable Range then rise to overbought levels 6. the current market is a Break and currently retesting the previous resistance 7. Short-Term Timeframe (4hrs/Daily) has an impulse flagpole with a pennant (Continuation Pattern)
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