Alibaba Short Term: our next up target stands at 157.89
Alibaba (BABA.US)
+2.44+1.76%
our next up target stands at 157.89
Our pivot point is at 133.84.
Our preference: our next up target stands at 157.89
Alternative scenario: below 133.84, expect 126.15 and 121.57.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price is above its 20 and 50 period moving average (respectively at 126.99 and 138.38). Finally, the Alibaba is trading above its upper Bollinger band (standing at 138.08).
Supports and resistances:
162.60 *
157.89 **
153.19
141.01 USD - last
133.84 **
126.15 *
121.57 **
Our preference: our next up target stands at 157.89
Alternative scenario: below 133.84, expect 126.15 and 121.57.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price is above its 20 and 50 period moving average (respectively at 126.99 and 138.38). Finally, the Alibaba is trading above its upper Bollinger band (standing at 138.08).
Supports and resistances:
162.60 *
157.89 **
153.19
141.01 USD - last
133.84 **
126.15 *
121.57 **
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.
