country flagالعربية
0
0

Alibaba Daily Technical Analysis | 4 January 2018

2018-01-04 11:39 am | Resource: Technical Analysis Section | No Views : 320

Alibaba shares broke through the bearish trend line as it broke through the upper leg of the classic symmetrical triangle pattern on the hourly opening as the New Year opened.

Alibaba Daily Technical Analysis | 4 January 2018

During yesterday's trading, the pair broke through the US $ 180.64 and continued to rise as far as 185.61 zones.
The SMA is positively intersecting with the slow moving average and a breakout of 176.55 was confirmed.
Change Rate Index 12 The trend line broke through the middle of the second trading day of the new year.
It is expected that, as long as the American stock is trading above the upper limit of the classical model, it might target the 185.61 level on the other side in case, a break of 180.64 might target 172.72.
Support: 180.64 -169.60- 164.37
Resistance: 185.61 - 191.66 - 195
Trend: Up


Other news

US stocks open higher on Friday as trade concerns eased

US stock markets began the last trading session of the week slightly higher after the media reported that Washington is ready to grant temporary tariff exemptions to 437 Chinese products. At the same time, another report claimed that the United States would not remove import tariffs on auto parts made in Japan as part of the expected trade agreement. In business news, Apple launched. The new iPhone 11 series worldwide.…

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.