$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.