My perception of Alibaba's weekly stock chart
My perception of Alibaba's weekly stock chart as follows !
After a five-wave with three continuous shares, it enters a correction in the form of a second wave. This is formed as a flat with a big b wave. maybe just it want to make triangle to ready for powerful third wave .. so buying and maintaining it at prices from $ 140 to $ 150 is extremely attractive
Considering the time of the second wave, , it noted that the third wave is the main continuous wave and has very high goals .. maybe above $ 1500 😁 .. so the long holding stock may not be bad .. though it does bother you a little over time
After a five-wave with three continuous shares, it enters a correction in the form of a second wave. This is formed as a flat with a big b wave. maybe just it want to make triangle to ready for powerful third wave .. so buying and maintaining it at prices from $ 140 to $ 150 is extremely attractive
Considering the time of the second wave, , it noted that the third wave is the main continuous wave and has very high goals .. maybe above $ 1500 😁 .. so the long holding stock may not be bad .. though it does bother you a little over time
If it goes beyond that, the whole analysis will be invalid