Alibaba Short Term: Gap
Alibaba (BABA.US)
-0.35-0.27%
as long as 138.14 is resistance look for 112.80
Our pivot point is at 138.14.
Our preference: as long as 138.14 is resistance look for 112.80
Alternative scenario: above 138.14, look for 147.32 and 152.79.
Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and positive. The break above the 50 area on the RSI should trigger further gains. Moreover, the price stands above its 20 period moving average (130.44) but below its 50 period moving average (134.66).
Supports and resistances:
152.79 **
147.32 *
138.14 **
130.85 USD - last
118.18
112.80 **
107.41 *
Our preference: as long as 138.14 is resistance look for 112.80
Alternative scenario: above 138.14, look for 147.32 and 152.79.
Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and positive. The break above the 50 area on the RSI should trigger further gains. Moreover, the price stands above its 20 period moving average (130.44) but below its 50 period moving average (134.66).
Supports and resistances:
152.79 **
147.32 *
138.14 **
130.85 USD - last
118.18
112.80 **
107.41 *
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