Alibaba Short Term: as long as 79.8 is resistance look for 69.6
Alibaba (BABA.US)
-2.15-2.11%
as long as 79.8 is resistance look for 69.6.
Our pivot point is at 79.8.
Our preference: as long as 79.8 is resistance look for 69.6.
Alternative scenario: the upside breakout of 79.8 would call for 83.3 and 85.4.
Comment: the RSI is below 50. The MACD is above its signal line and positive. The break above the 50 area on the RSI would call for further upside. Moreover, the share stands above its 20 day moving average (75.5825) but below its 50 day moving average (77.8646).
Supports and resistances:
85.4 **
83.3 *
79.8 **
78.4
75.8 (USD-last)
71.6
69.6 **
67.5 *
65.6 **
Our preference: as long as 79.8 is resistance look for 69.6.
Alternative scenario: the upside breakout of 79.8 would call for 83.3 and 85.4.
Comment: the RSI is below 50. The MACD is above its signal line and positive. The break above the 50 area on the RSI would call for further upside. Moreover, the share stands above its 20 day moving average (75.5825) but below its 50 day moving average (77.8646).
Supports and resistances:
85.4 **
83.3 *
79.8 **
78.4
75.8 (USD-last)
71.6
69.6 **
67.5 *
65.6 **
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