BABA Update: Trend Still Higher

NYSE:BABA   阿里巴巴公司
Note: the stock has risen very sharply since I published October 9th             , 2017.
Back then, my original target was $170, which was obtained. If you are looking for a new target, my preliminary goal would be $200-$220.
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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