Alibaba Group Wave Analysis – 2 September 2025Alibaba Group Holding Limited Sponsored ADRBATS:BABAFxProGlobal - Alibaba Group broke resistance level 135.00 - Likely to rise to resistance level 147.70 Alibaba Group recently broke the resistance level 135.00 (former monthly high from May), which was preceded by the breakout of the resistance level 127.60 (top of wave i from August). Before breaking these resistance levels Alibaba Group broke the extended daily Triangle from March. Alibaba Group can be expected to rise to the next resistance level 147.70, the former multi-month high from March.