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Alibaba Daily Technical Analysis | 27 November 2017

2017-11-27 09:34 am | Resource: Technical Analysis Section | No Views : 263

Alibaba is trading in a bullish direction in the formation of the highest level of 188.79 resistance level that broke through the US stock during the trading on Friday, currently needs to penetrate the level of 191.52 to increase the strength of buyers.

Alibaba Daily Technical Analysis | 27 November 2017

It should be noted that the SMA and the SMA are in the case of a negative cross-section without confirmation and the long term average represents the support level for the stock
The rate of change 12 is trading in a bullish direction, which suffers from a failure due to the inability to breach the previous peak.
It is expected that if the US stock is breached the level of 191.52 $ may target levels of 194.59, while, breaking the level of 188.79 may target the level of 179.83.
Support: 188.79 179.83- 176.21
Resistance: 194.59 - 200.61 - 204.84
Trend: Up


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