NYSE:BABA   ALIBABA GROUP HOLDING LTD SPON ADS EACH REP ONE ORD SHS
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The exchange rate ended the second wave of a triple downward wave structure. We are now waiting for a short correction. The peak of the correction wave may be around 180 usd. Then the third and last decreasing wave is expected to be created. Its target price is 153 usd level environments. Next we assume a very stable and long-term rising section. Its target price is 270 usd level environment.
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