Alibaba Short Term: Decline at a crossroads

Alibaba (BABA.US)
+0.73+0.67%
Target 103.13
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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: With prices nearing our first target, a pullback may emerge, though a clean break below could accelerate the downside.

Supports and resistances:
134.23 **
130.14 *
123.28 **
108.56 USD - last
107.12
103.13 **
99.14 *

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.
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