Alibaba is in an upward trend since January and now it's around an important level at 170$. If it can break through it in the next few days there is a huge potential for growing up to 185$. There's another important level for the stock since it's been barrier and support for it in the last year. So the first aim is to break through this level, and the next stop will be around 185$. We'll see in the next few days.
Commentaire:
Just as I expected ALIBABA continued its growth. Now It's high above 35,100, and even 200 days MA, it clearly indicates an upward trend. Plus according to the news, the USA and China could agree and the trade war will be ended soon, which can help the stock in the long term, too.