Alibaba with ticker has formed a nice bullish setup formation on a daily chart. With an impulsive five-wave rally from the lows, followed by an A-B-C corrective setback, we believe that more upside is coming in 2024. Bullish confirmation is above the resistance line of a corrective channel near 88 level.(Click on image to enlargeenlarge)
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Alibaba Looks Promising For 2024
