$BABA is consolidating near 20 D moving average and above 23.6% Fib level. It's in triangle. As daily bar closes over MA 20, it will also breakout of triangle too. We can go long there.
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Short term Target: 270 - 280 (gap fill)
Intermediate Target: 290 (gap fill)
Ultimate target: 320 (previous ATHs)
Intermediate Target: 290 (gap fill)
Ultimate target: 320 (previous ATHs)