Growth is possible.

On the daily chart, the third wave of the highest level (3) and the wave 3 of (3) develop. Now, the third wave of the lowest level iii of 3 is developing, within which the entry wave (i) of iii and the correctional wave (ii) of iii have formed, and the wave (iii) of iii is forming. If the assumption is correct, the asset will grow to the area of 165.00–200.00. In this scenario, the critical stop loss level is 114.92.

Shares of Alibaba Group Holdings Ltd., one of the largest companies in the field of e-commerce, are trading at 120.00.