Price target of $220-230 because the confluence of:
- Fibonacci retracement (0.618 - $219.06) from ATH to September '15 low
- Fibonacci retracement (0.5 - $223.52) from ATH to December '18 low
- Fibonacci retracement (0.382 - $225.76) from ATH to March '20 low
- Low side of the parallel channel formed since the IPO
- Low side of the broadening wedge formed in December 2018
- Price target of the new descending triangle forming since 16 November 2020
- MACD convergence divergence negative in Weekly
- Chinese regulations risk
- U.S delisting risk
But probably trend reversal in first weeks of February 2021 when:
- New democratic POTUS arrive to the White House in 20 January
- New Alibaba earnings release between 02-09 February with sustained growth
Please leave your thoughts to create a better community with better ideas. Do you think I'm right or not? Why?
I'm from Barcelona so sorry if there are some spelling mistakes :)
- Fibonacci retracement (0.618 - $219.06) from ATH to September '15 low
- Fibonacci retracement (0.5 - $223.52) from ATH to December '18 low
- Fibonacci retracement (0.382 - $225.76) from ATH to March '20 low
- Low side of the parallel channel formed since the IPO
- Low side of the broadening wedge formed in December 2018
- Price target of the new descending triangle forming since 16 November 2020
- MACD convergence divergence negative in Weekly
- Chinese regulations risk
- U.S delisting risk
But probably trend reversal in first weeks of February 2021 when:
- New democratic POTUS arrive to the White House in 20 January
- New Alibaba earnings release between 02-09 February with sustained growth
Please leave your thoughts to create a better community with better ideas. Do you think I'm right or not? Why?
I'm from Barcelona so sorry if there are some spelling mistakes :)
הערה
Once Price Target achieved, I'm going to buy every share I can.הערה
Price target achieved. Thanks to everyone.Start buying with long perspective. +2 years.
עסקה סגורה: היעד הושג
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.