Stocks

AliBABA Remains In A Larger Bullish Triangle PatternJan 29, 2025

“Alibaba is up after the company releases AI model it says surpasses DeepSeek-v3.“

Alibaba with ticker BABA is trading sideways for two years, but we are tracking a larger bullish ABCDE triangle pattern in circled wave B before we will see a continuation higher for circled wave C.

With recent rebound away from the lower triangle line due to the release of AI model that surpasses DeepSeek, seems like subwave C is finished and it’s now rising within wave D which can recover the price back to the upper triangle line before we will see another and final wave E slow down to complete a triangle in circled wave B.

AliBABA Remains In A Larger Bullish Triangle Pattern BABA Daily Chart
BABA Daily Chart

Basic bullish triangle shows that Alibaba can be trading in the middle of subwave D of a larger bullish ABCDE triangle pattern within higher degree wave B before a breakout higher for wave C.

AliBABA Remains In A Larger Bullish Triangle Pattern Basic Bullish Triangle Pattern
Basic Bullish Triangle Pattern

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