country flagالعربية
0
0

Alibaba Daily Technical Analysis | 3 November 2017

2017-11-03 03:07 pm | Resource: Technical Analysis Section | No Views : 302

Our view of AliBaba was neutral, as the stock failed to breach the 188.79 level and failed to breach the 184.65 level. The SMA is breached negatively with the slow moving average and needs to breach the $ 183.32 level to confirm this.

Alibaba Daily Technical Analysis | 3 November 2017

Looking at the chart above, you see a classical pattern of a negative head and shoulders forming at the 60 minute interval and the point of sale with a break of 183.32.
Rate of Change 12 Break the trend line during the trading Wednesday, and is currently trading down the level of travel as a result of sellers control of the US stock.
It is expected that, breaking Alibaba share level of $ 183.32 may target levels of 177.66.
Support: 176.21- 179.83 - 184.65
Resistance: 188.79 - 194.59 - 200.61
Trend: neutral


Other news

Wall Street opened higher on Thursday after Fed cuts

Wall Street opened higher on Thursday after the US Federal Reserve cut interest rates by 25 basis points to 1.75% -2% due to lower inflation and global economic outlook. The move was first criticized by President Donald Trump, but he later described it as "good." Meanwhile, oil prices rose as reports indicated that Saudi Arabia might not be able to meet demand in the wake of Saudi Aramco attacks and…

More news

Best trading brokers

All Rights Reserved
Risk Disclaimer: Trading in foreign exchange market (Forex) includes the risks and the possibility of loss. That is why we are keen on providing the highest quality news and analysis concerning the different markets traded. The opinions expressed in the site indicate the opinion of the author only and not the views of the administration or the public, knowing that errors could be encountered and there is a possibility to commit them. Before starting to trade you should carefully consider your investment objectives, and review the level of experience and risk appetite. In some cases, possible high leverage can lead to loss of funds invested, so you can not invest money that you can not handle its possible loss. You should be aware of all the risks associated with foreign exchange trading and seek for advices from an independent financial advisor if you have any doubts.TradingPekk.com does not assume any responsibility after the occurrence of financial loss to the dealer and the user carries full responsibility for the losses resulting from the use of news, analysis and data on the site.