TECH Sell 28.03.2024 08:29
Alibaba Group Holdings Ltd.: wave analysis
A fall is possible.
On the daily chart, a downward correction of the higher level forms as the wave 2, within which the wave (C) of 2 develops. Now, the third wave 3 of (C) is forming, within which a local correction has ended as the fourth wave of the lower level iv of 3, and the fifth wave v of 3 is forming. If the assumption is correct, the price of the asset will fall to the area of 60.00–50.00. In this scenario, critical stop loss level is 77.50.
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Overall recommendation Buy
Overall recommendation Sell
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Overall recommendation Sell
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