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Alibaba Group Holding Limited American Depositary Shares each representing one
2024-06-11 08:00:00 ET
Summary
We discuss the concept of an inflection point and its relevance to Alibaba at the moment.
Note Lyn Alden's cautionary comments on Alibaba and the importance of considering the context of price formation.
There are two possible paths for Alibaba's stock. Further clarification is needed before making a clear buy or sell decision.
By Levi at Elliott Wave Trader; Produced with Avi Gilburt
What is an inflection point? Well, if we guide ourselves by Mr. Webster, it is “a moment when significant change occurs or may occur.” That’s precisely where we find ourselves with Alibaba ( BABA ) (BABAF) stock....