BABA Analysis by @marketchartpattern

The analyst provides a technical overview of several tech stocks, beginning with Alibaba (BABA). A long-term target of $160 per share is reiterated. The stock made a strong rally, coming close to the target but retraced. It is potentially forming a double bottom pattern, with today’s rally showing strength. The next stock under consideration is AMD. It has been very strong. The analyst believes that it will test the 38.2% retracement level on the weekly chart around the price of 134. The AMD target is around $321.39. Finally, an analysis of Tesla (TSLA) suggests a one-to-one price projection which the analyst labels AB=CD targeting a price of $420.29. Meta is also analyzed and the chart points that there is a strong possibility the stock would hit $1000 mark. Lululemon, showing recent bearish action after the recent earning calls, may provide support with the island reversal and possible double bottom.