FUND Sell 15.05.2024 12:49
Alibaba Group Holdings Ltd.: The company's financial report for the first quarter did not meet analysts' expectations
Shares of Alibaba Group Holdings Ltd., one of the largest companies in the field of Internet commerce, are corrected around 79.00.
TECH Sell 09.05.2024 08:55
Alibaba Group Holdings Ltd.: wave analysis
The probability of decline remains.
On the daily chart, the construction of a downward correction of the higher level continues as wave 2, which includes wave (C) of 2. At the moment, the third wave 3 of (C) and the local correction as the fourth wave 4 of (C) have ended. If the assumption is correct, the asset will decrease to the area of 60.00–50.00. The level of 84.60 is critical and stop-loss for this scenario.
Indicators
Overall recommendation Sell
Overall recommendation Buy
Overall recommendation Wait
Overall recommendation Wait
Overall recommendation Wait
Overall recommendation Buy
Overall recommendation Buy