Alibaba Group Holdings Ltd. (BABA) Elliott Wave analysis – Trading lounge
Daily chart analysis
-
Function: Trend.
-
Mode: Impulsive.
-
Structure: Motive.
-
Position: Wave (5) of C.
-
Direction: Upside within wave (5).
-
Details:
-
Alibaba is moving higher within wave (5) of Primary wave C, suggesting a long-term corrective phase retracing the 2021 decline.
-
Resistance is expected around $168, where wave C could equal wave A.
-
One-hour chart analysis
-
Function: Trend.
-
Mode: Impulsive.
-
Structure: Motive.
-
Position: Wave 1 of (5).
-
Direction: Upside within wave (5).
-
Details:
-
Alibaba continues higher within wave (5), nearing completion of wave 1 of (5).
-
A pullback in wave 2 is expected, providing an opportunity to assess whether the move is wave 1 of (5) or the completion of wave (5) itself.
-
Upside potential may be limited as resistance approaches.
-
Conclusion
This Elliott Wave analysis evaluates trend structures across various equities, highlighting potential resistance and retracement levels. For Alibaba (BABA), the focus remains on wave (5), with a key resistance at $168 that could mark the end of the corrective rally.
Alibaba Group Holdings Ltd. (BABA) Elliott Wave technical analysis [Video]
As with any investment opportunity there is a risk of making losses on investments that Trading Lounge expresses opinions on.
Historical results are no guarantee of future returns. Some investments are inherently riskier than others. At worst, you could lose your entire investment. TradingLounge™ uses a range of technical analysis tools, software and basic fundamental analysis as well as economic forecasts aimed at minimizing the potential for loss.
The advice we provide through our TradingLounge™ websites and our TradingLounge™ Membership has been prepared without considering your objectives, financial situation or needs. Reliance on such advice, information or data is at your own risk. The decision to trade and the method of trading is for you alone to decide. This information is of a general nature only, so you should, before acting upon any of the information or advice provided by us, consider the appropriateness of the advice considering your own objectives, financial situation or needs. Therefore, you should consult your financial advisor or accountant to determine whether trading in securities and derivatives products is appropriate for you considering your financial circumstances.
Recommended content
Editors’ Picks
Gold moves to record highs past $3,340 Premium
Gold now gathers extra steam and advances beyond the $3,340 mark per troy ounce on Wednesday, hitting all-time highs amid ongoing worries over escalating US-China trade tensions, a weaker US Dollar and lack of news from Powell's speech.
EUR/USD remains in a consolidative range below 1.1400
EUR/USD navigates the latter part of Wednesday’s session with marked gains, although another test of the 1.1400 level remained elusive. The strong bounce in spot came on the back of a marked move lower in the US Dollar, which remained apathetic following the neutral stance from Chair Powell.
GBP/USD alternates gains with losses in the low-1.3200s
Even as the dollar retreats, GBP/USD continues to linger in the 1.3220–1.3230 range, forfeiting much of its intraday rally from multi‑month highs near 1.3300. Softer UK inflation data on Wednesday seem to have capped Cable’s upside.
Bitcoin stabilizes around $83,000 as China opens trade talks with President Trump’s administration
Bitcoin price stabilizes around $83,500 on Wednesday after facing multiple rejections around the 200-day EMA. Bloomberg reports that China is open to trade talks with President Trump’s administration.
Future-proofing portfolios: A playbook for tariff and recession risks
It does seem like we will be talking tariffs for a while. And if tariffs stay — in some shape or form — even after negotiations, we’ll likely be talking about recession too. Higher input costs, persistent inflation, and tighter monetary policy are already weighing on global growth.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.