$BABA Elliot Wave Analysis

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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 expect BABA to be a big winner through 2024

Feragatname

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