BABA descending channel - Jan 1 thoughts
looking at Fib retracement along the channel trying to gauge a reasonable scenario.
A $130 target for Jan 1 is well within the existing data trend. Looking at options for early Feb in that range.
One caveat is that our last two months are typically big for online retailers, which may buoy BABA a bit.
A $130 target for Jan 1 is well within the existing data trend. Looking at options for early Feb in that range.
One caveat is that our last two months are typically big for online retailers, which may buoy BABA a bit.
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