Alibaba Short Term: Gap
Alibaba (BABA.US)
+5.94+4.21%
the upside prevails as long as 132.06 is support
Our pivot point is at 132.06.
Our preference: the upside prevails as long as 132.06 is support
Alternative scenario: below 132.06, expect 123.52 and 118.44.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 126.07 and 119.80). Finally, the Alibaba is trading above its upper Bollinger band (standing at 140.81).
Supports and resistances:
167.08 **
161.91 *
156.74 **
151.57
141.20 USD - last
135.41
132.06 **
123.52 *
118.44 **
Our preference: the upside prevails as long as 132.06 is support
Alternative scenario: below 132.06, expect 123.52 and 118.44.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 126.07 and 119.80). Finally, the Alibaba is trading above its upper Bollinger band (standing at 140.81).
Supports and resistances:
167.08 **
161.91 *
156.74 **
151.57
141.20 USD - last
135.41
132.06 **
123.52 *
118.44 **
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