Alibaba Short Term: as long as 123.47 is support look for 166.52
Alibaba (BABA.US)
+6.50+4.61%
as long as 123.47 is support look for 166.52
Our pivot point is at 123.47.
Our preference: as long as 123.47 is support look for 166.52
Alternative scenario: below 123.47, expect 108.44 and 99.50.
Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 132.86 and 107.75).
Supports and resistances:
184.89 **
175.71 *
166.52 **
157.33
137.14 USD - last
129.38
123.47 **
108.44 *
99.50 **
Our preference: as long as 123.47 is support look for 166.52
Alternative scenario: below 123.47, expect 108.44 and 99.50.
Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 132.86 and 107.75).
Supports and resistances:
184.89 **
175.71 *
166.52 **
157.33
137.14 USD - last
129.38
123.47 **
108.44 *
99.50 **
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