Alibaba Wave Analysis – 17 March 2025

Alibaba: ⬆️ Buy

– Alibaba broke the key resistance level 145.00

– Likely to rise to resistance level 155.00

Alibaba recently broke the key resistance level 145.00, which stopped the previous waves 3 and (b), as can be seen from the daily BABA chart below.

The breakout of the resistance level 145.00 accelerated the active impulse wave 5 of the intermediate impulse wave (C) from January.

Given the strong daily uptrend, Alibaba can be expected to rise to the next resistance level 155.00 (target price for the completion of the active impulse wave (C)).