The price may grow.

On the daily chart, the third wave of the higher level 3 forms, within which the wave (3) of 3 develops. Now, the first wave of the lower level 1 of (3) has ended, a correction has formed as the second wave 2 of (3), and the wave 3 of (3) has started. If the assumption is correct, the asset will grow to the area of 118.40–130.00. In this scenario, critical stop loss level is 82.75.

Shares of Alibaba Group Holdings Ltd., one of the largest companies in e-commerce, are trading at 89.00.