$BABA Elliot Wave Analysis
Expand the chart below for more detailed analysis & levels for 
BABA
NFA/my opinion only... according to my work the stock is undergoing a large rounding bottom and has nearly completed a years long accumulation phase
The stock has already completed Waves 1 & 2, and is currently undergoing a minor accumulation phase before Wave 3 begins and ultimately trades $120... $120 is my year end target
Longer term, Wave 3 should continue into the first half of 2024. I expectBABA to be a big winner through 2024
BABA NFA/my opinion only... according to my work the stock is undergoing a large rounding bottom and has nearly completed a years long accumulation phase
The stock has already completed Waves 1 & 2, and is currently undergoing a minor accumulation phase before Wave 3 begins and ultimately trades $120... $120 is my year end target
Longer term, Wave 3 should continue into the first half of 2024. I expect
BABA to be a big winner through 2024
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.