Alibaba Short Term: Key support level approaches
Alibaba (BABA.US)+1.44+1.29%
Target 103.13

Our pivot point is at 123.28.
Our preference: Target 103.13
Alternative scenario: above 123.28, look for 130.14 and 134.23.
Comment: Prices are now approaching our first target. Reaching this level could trigger a pullback. Conversely, a decisive break below it could lead to a further fall.
Supports and resistances:
134.23 **
130.14 *
123.28 **
111.81 USD - last
107.12
103.13 **
99.14 *
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