Alibaba Short Term: as long as 122.61 is support look for 168.11
Alibaba (BABA.US)
+6.50+4.61%
as long as 122.61 is support look for 168.11
Our pivot point is at 122.61.
Our preference: as long as 122.61 is support look for 168.11
Alternative scenario: below 122.61, expect 107.69 and 98.81.
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 133.86 and 108.82).
Supports and resistances:
186.66 **
177.38 *
168.11 **
158.83
138.35 USD - last
128.48
122.61 **
107.69 *
98.81 **
Our preference: as long as 122.61 is support look for 168.11
Alternative scenario: below 122.61, expect 107.69 and 98.81.
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 133.86 and 108.82).
Supports and resistances:
186.66 **
177.38 *
168.11 **
158.83
138.35 USD - last
128.48
122.61 **
107.69 *
98.81 **
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