$BABA Elliot Wave AnalysisExpand the chart below for more detailed analysis & levels for NYSE:BABA
NFA/my opinion only... according to my work the stock is undergoing a large rounding bottom and has nearly completed a years long accumulation phase
The stock has already completed Waves 1 & 2, and is currently undergoing a minor accumulation phase before Wave 3 begins and ultimately trades $120... $120 is my year end target
Longer term, Wave 3 should continue into the first half of 2024. I expect NYSE:BABA to be a big winner through 2024