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Alibaba Short Term: the downside prevails as long as 142.46 is resistance
Alibaba (BABA.US)
-0.18-0.13%
the downside prevails as long as 142.46 is resistance
Our pivot point is at 142.46.
Our preference: the downside prevails as long as 142.46 is resistance
Alternative scenario: above 142.46, look for 149.15 and 153.14.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 143.69 and 155.68).
Supports and resistances:
153.14 **
149.15 *
142.46 **
135.21 USD - last
126.88
122.97 **
119.05 *
Our preference: the downside prevails as long as 142.46 is resistance
Alternative scenario: above 142.46, look for 149.15 and 153.14.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 143.69 and 155.68).
Supports and resistances:
153.14 **
149.15 *
142.46 **
135.21 USD - last
126.88
122.97 **
119.05 *
Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
