BABA 76.81 – neutral – Pulls back to support zone
BABA 76.81 – neutral – Pulls back to support zone
BABA pulled back from its new 3-month high at 86.42 (November 5, 2015) to expose the 74.00 support area (38.2% of the 57.20/86.42 rise). Below lies the 72.84 minor higher low (October 23, 2015) near 50% of the 57.20/86.42 rise and 68.89 (October 21, 2015 minor higher low) near 61.8% of the 57.20/86.42 rise. Back over the 200 day moving average currently at 79.58 would stabilize and extend recovery towards 82.49 (November 11, 2015 high) ahead of 86.42.
Outlook:
Daily: neutral
Weekly: neutral
BABA pulled back from its new 3-month high at 86.42 (November 5, 2015) to expose the 74.00 support area (38.2% of the 57.20/86.42 rise). Below lies the 72.84 minor higher low (October 23, 2015) near 50% of the 57.20/86.42 rise and 68.89 (October 21, 2015 minor higher low) near 61.8% of the 57.20/86.42 rise. Back over the 200 day moving average currently at 79.58 would stabilize and extend recovery towards 82.49 (November 11, 2015 high) ahead of 86.42.
Outlook:
Daily: neutral
Weekly: neutral
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.