BABA – appears bullish medium term

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BABA looks bullish for the medium term after hitting a low of 165 recently. The upward surge seems quite bullish and we may see the short term target of 183 met soon. BABA has been firing on all cylinders with a tremendous growth in revenues. Fundamentals and technicals currently seem to favor an UP move. For Jan / Feb, I have a target of 190+

BABA Dec 5

About Venkat Pulakkad

Entrepreneur, management consultant, blogger & forecaster. Founder of Flourish Research Media that provides insights on markets, trading strategies & risk management. Currently an active trader with 20+ years of experience trading Forex, Stocks & Options. Areas of interest: Trend / Swing trading, Macro-tech analysis, building trading strategies, deploying Risk Management techniques, and helping / coaching traders to become successful traders. Twitter link:      
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