$BABA - Double bottom?

BABA formed a double bottom with a bounce from the trendline and closed above the fib. I still think it is one of the best catch up play in the market.

If the stock can close above $79, it will validate double bottom and channel breakout.

I added more on the morning dip. Let's hope that I am right. 🙏

The price targets from Jan 2nd is not changed.