Categories: Technical analysis

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)).

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

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The FxPro Tech Analysis Team
Tags: Alibaba

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