TECH Buy 05.09.2024 08:30
Alibaba Group Holdings Ltd.: technical analysis
Shares of Alibaba Group Holdings Ltd., one of the largest companies in the field of e-commerce, are trading at 82.00.
TECH Sell 29.08.2024 08:30
Alibaba Group Holdings Ltd.: wave analysis
A fall is possible.
On the daily chart, a downward correction of the higher level develops as the wave 2, within which the wave (C) of 2 forms. Now, the fifth wave 5 of (C) is developing, within which the first wave of the lower level i of 5 has formed, a correction has ended as the second wave ii of 5, and the third wave ii of 5 has started. 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 86.36.
Indicators
Overall recommendation Wait
Overall recommendation Sell
Overall recommendation Sell
Overall recommendation Sell
Overall recommendation Sell
Overall recommendation Wait
Overall recommendation Buy