Update - BABA: Upside Strength Will Most Likey Grind Higher

NYSE:BABA   Alibaba Group Holdings Ltd.
Note: the stock has risen very sharply since June.
You may have to pull the chart down and adjust the right vertical (dollars per share) scale so you can see the price action.
Since I recommended BABA-on June 7th the stock is up 58 points (48%).
There is still likely to be "backing and filling", but I believe the up-trend in-BABA will continue for the rest of 2017 and into 2018.
Back then, my original target was $170, If you are looking for a new target, my preliminary goal would be $220-$225.
From a technical standpoint, Here are the positives for-BABA:
1. Currently multiple buy Fractals.
2. The top upper indicator is a 34 day moving average, and this is positive. Very strong.
3. The alligator is feeding in the uptrend.
4. Prices are trading above the Ichimoku Cloud .
5. The Forward Momentum indicator (lower top) is strong. **
6. The Ichimoku Cloud is rising.
7. The 233 day moving average trend line is rising (this is a Fibonacci number).
8. According to Bill Williams , you can establish an entry point, again and again, with each new valid Fractal .
9. The indicators under the chart (Chop, Chop Zone) have been green (up) for a long time. In fact, almost all of 2017. This is a rare event. This is positive if you are long. But (important), when there is a draw-down, you can use this opportunity to establish your entry point, or, accumulate more in your position.

** The lower indicator on top is a forward projection. For an estimation of possible FORWARD TRENDING I use the Ichimoku Cloud Senkou Span A (Leading Span A): (Conversion Line + Base Line)/2)). This is the midpoint between the Conversion Line and the Base Line. The Leading Span A forms one of the two Cloud boundaries. It is referred to as "Leading" because it is plotted 26 periods in the future and forms the faster Cloud boundary. I then make an oscillator out of this and plot the progress up and down around a “zero line”.
BABA-has consistently been strong.
I consider BABA-as a core holding. I would also strongly suggest that you look at-AABA-this is-Altaba-(the former-Yahoo). This stock trends in a similar pattern to-BABA, but is about 1/3 the price. One reason is that-AABA has a large position in-BABA.

May all of your trades go well.
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