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

NYSE:BABA   Alibaba Group Holdings Ltd.
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
That's what I think too. But BABA might want to fill the lower gap first at $80 before a move up? We'll see
Yes I agree with the price gap dilemma. But if this is part of a larger correction, then the gap may be filled in the next higher degree down? We will have to wait and see
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out