Alibaba Short Term: the upside prevails as long as 72.7 is support
Apr 27, 2024 03:41
Alibaba (BABA.US)
-0.91-1.15%
the upside prevails as long as 72.7 is support.
Our pivot point stands at 72.7.
Our preference: the upside prevails as long as 72.7 is support.
Alternative scenario: below 72.7, expect 69.7 and 67.9.
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 stock is trading above both its 20 and 50 day moving average (respectively at 72.1605 and 73.2228).
Supports and resistances:
86.2 **
84.3 *
82.5 **
80.6
75.55 (USD-last)
73.9
72.7 **
69.7 *
67.9 **
Our preference: the upside prevails as long as 72.7 is support.
Alternative scenario: below 72.7, expect 69.7 and 67.9.
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 stock is trading above both its 20 and 50 day moving average (respectively at 72.1605 and 73.2228).
Supports and resistances:
86.2 **
84.3 *
82.5 **
80.6
75.55 (USD-last)
73.9
72.7 **
69.7 *
67.9 **
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