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jagadishkumar12

ALIBABA (BABA) has a short term potential to go up

Long
Alibaba Group Holdings Ltd. (NYSE:BABA)  
jagadishkumar12  
NYSE:BABA   Alibaba Group Holdings Ltd.
Elliott Wave BABA
7
2
elliottwaves baba
ALIBABA has progressed in impulsive 5 wave fashion and is retracing on a 3 wave decline with wave (c) as a potential ending diagonal.

* Wave c of B ending diagonal
* RSI divergence (typical for ending diagonals)
* Retracement close to 0.618 (typical for wave 2 / B)
* Price has potential to move upwards in the coming sessions north of 94
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