Automatic wave scan: as of 19 Oct 2026, the automatic daily count for Alibaba is Wave 5 up with a bullish bias. The count stays valid while price holds 104.75.
Current Alibaba wave count
Automatic wave scan Updated daily from the latest daily close (19 Oct 2026). Computer generated from swing highs and lows, not reviewed by an analyst.
Automatic scan: price is in wave 5, the final leg of a five wave advance that began at 121.45 on 13 Aug 2026. Next levels to watch are 110.03 and 134.62. The count fails on a daily close below 104.75.
Key levels
| Type | Levels |
|---|---|
| Resistance | 120.40 · 130.62 |
| Support | 104.75 · 106.64 |
| Invalidation | 104.75 |
What is Alibaba?
Alibaba was founded in 1999 by Jack Ma and others in Hangzhou, China. It runs Taobao and Tmall, the cloud business Alibaba Cloud, and international shopping sites.
Its 2014 New York listing raised about $25 billion, then the largest IPO ever. After a regulatory crackdown starting in late 2020, the stock fell more than 70 percent from its high.
What moves the Alibaba price?
- Chinese consumer spending: Retail demand drives commerce revenue.
- Beijing regulation: Rules on tech firms can change the outlook.
- US and China relations: Delisting threats and trade tensions affect sentiment.
- Cloud and AI: Growth in Alibaba Cloud is a key theme.
- Buybacks: Large share repurchases support the price.
How Alibaba moves in Elliott Wave terms
BABA's decline from its 2020 peak formed a large corrective structure. Its rallies on policy news have been fast and sharp, which is common in wave C or wave 1 moves.
Compare with the Hang Seng for confirmation.
Tips for counting Alibaba waves
Watch Chinese policy news and the Hang Seng Index. Quarterly earnings reports often start or end a wave. Price gaps after results can skip over levels, so place stops with gaps in mind.
Alibaba key facts
Alibaba Elliott Wave FAQ
Who founded Alibaba?
Jack Ma and a group of co-founders in Hangzhou in 1999.
Why did Alibaba stock fall after 2020?
A Chinese regulatory crackdown on big tech firms, including the halted Ant Group IPO, hurt sentiment.
Where is Alibaba listed?
On the New York Stock Exchange as American depositary shares and in Hong Kong.
Sources and further reading
- Alibaba filings (10-K and 10-Q) (U.S. Securities and Exchange Commission)
- Alibaba Group Investor Relations (Alibaba Group)
- Alibaba Group (Wikipedia)
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