Alibaba Group BABA has the potential for massive growth. From a technical analysis perspective (and using my selected simply moving averages (SMAs)), the price of BABA is reconnecting with its primary SMA. It could ride this area for a while as it consolidates further, but this often means a future reversal of the downward trend. Thus, at $80.00, BABA is in a personal buy zone.

Target #1 = $89.00
Target #2 = $94.00
Target #3 = $107.00
Target #4 = $116.00
Target #5 = $305.00 (very long-term view...)
Not
Target #1 reached for a 11.25% gain ✅✅✅.
Not
Target #2 reached for a 17.5% gain ✅✅✅
Not
Target #3 reached for a 33.75% gain ✅✅✅
Not
Target #4 reached for a 45% gain ✅✅✅
BABAbababuybabalongchinachinastockmarketchinastocksMoving AveragesSupport and ResistanceTrend Lines

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