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TECH Sell 25.04.2024 08:29

Alibaba Group Holdings Ltd.: wave analysis

The price is in a correction and a fall is possible.

On the daily chart, the downward correction of the higher level develops as the wave 2, within which the wave (C) of 2 forms. Now, the third wave 3 of (C) has ended, and a local correction is ending as the fourth wave 4 of (C), within which the wave c of 4 is forming. If the assumption is correct, after the correction, the price of the asset will fall to the area of 60.00–50.00. In this scenario, critical stop loss level is 84.60.

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Indicators

MA10
MA20
MA50
MA100
MACD
BBands
Ichimoku
Stochastic
William`s
ZigZag
Overall recommendation Wait
MA10
MA20
MA50
MA100
MACD
BBands
Ichimoku
Stochastic
William`s
ZigZag
Overall recommendation Wait
MA10
MA20
MA50
MA100
MACD
BBands
Ichimoku
Stochastic
William`s
ZigZag
Overall recommendation Sell
MA10
MA20
MA50
MA100
MACD
BBands
Ichimoku
Stochastic
William`s
ZigZag
Overall recommendation Buy
MA10
MA20
MA50
MA100
MACD
BBands
Ichimoku
Stochastic
William`s
ZigZag
Overall recommendation Buy
MA10
MA20
MA50
MA100
MACD
BBands
Ichimoku
Stochastic
William`s
ZigZag
Overall recommendation Buy
MA10
MA20
MA50
MA100
MACD
BBands
Ichimoku
Stochastic
William`s
ZigZag
Overall recommendation Buy

Market sentiment

95.59% sell
4.41% buy