TECH Buy 03.07.2025 08:27
Alibaba Group Holdings Ltd.: wave analysis
The price may rise.
On the daily chart, one can see the third wave of a higher level (3), within which wave 3 of (3) is being formed, and on the four-hour interval, the third wave of a lower level iii of 3 has begun to develop: within its framework, the entry wave (i) of iii has already appeared and a local correction is ending as wave (ii) of iii. If the assumption is correct, the upward dynamics of the asset will continue in wave (iii) of iii in the area of 148.50–180.00. The level of 96.10 is critical and stop-loss for this scenario.
Indicators
Overall recommendation Buy
Overall recommendation Wait
Overall recommendation Wait
Overall recommendation Buy
Overall recommendation Sell
Overall recommendation Sell
Overall recommendation Sell