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Actionable news in BABA: ALIBABA GROUP HOLDING LIMITED,

Alibaba Group Holding Ltd (NYSE:BABA) Will Soar to $200

Alibaba Group Holding Ltd (NYSE:BABA)

Highlights:

*HEFFX Issues a Target of $200

*Alibaba forms partnership with Argentinian government

*Norwegian Cruise Lines has also announced a partnership with Alibaba

*The belt and road initiative will drive eCommerce sales for Alibaba

*Alibaba launched a program to help 1 million U.S. businesses sell to China

*14 of 14 analysts rated Alibaba a Buy or Strong Buy, according to Nasdaq.com

Overall, the bias in prices is: Upwards.

Short term: Prices are moving.

Intermediate term: Prices are trending.

Note: this chart shows extraordinary price action to the upside.

By the way, prices are vulnerable to a correction towards 108.44.

The projected upper bound is: 121.05.

The projected lower bound is: 114.71.

The projected closing price is: 117.88.

ALIBABA GRP ADR closed up 0.740 at 117.600. Volume was 100% below average (consolidating) and Bollinger Bands were 13% wider than normal.

Open High Low Close Volume
117.600 117.600 117.600 117.600 4,996

Technical Outlook
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bullish

Moving Averages: 10-period 50-period 200-period
Close: 116.36 109.32 100.11
Volatility: 14 19 28
Volume: 7,162,076 8,681,826...


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