Price target till february 2021. Thoughts please.

23 ธ.ค. 2020

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 :)

23 ธ.ค. 2020

ความคิดเห็น

Once Price Target achieved, I'm going to buy every share I can.

24 ธ.ค. 2020

ความคิดเห็น

Price target achieved. Thanks to everyone.

Start buying with long perspective. +2 years.

12 ม.ค. 2021

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