$BABA - Possible upside to the next target area
BABA It looks like a successful neckline checkback. There’s a chance it could head toward the second and third targets soon.The second target area of $88 to $90 is a strong resistance and might be challenging to break.
I’m guessing that
PDD can no longer engage in cutthroat price wars or endless promotions and might be losing market share to BABA.With China starting to ease its grip on tech companies, Ant Group might finally go public sometime in the future.
See Aug 14 post for price targets.
As always, I share my opinions and trades. I’m not suggesting anyone follow my trades. You do you.
I am not a licensed professional. None of the posts that I published are investment advice. Do your own research.
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