country flagالعربية

Alibaba Daily Technical Analysis | 6 February 2018

2018-02-06 07:17 am | Resource: Technical Analysis Section | No Views : 363

Alibaba is trading in a bearish direction on the 60-minute time frame as a result of the break of the rising trend line during trading, as the stock broke the 187 area, confirming the trend turned bearish.
Alibaba Daily Technical Analysis | 6 February 2018

The SMA is crossing negatively with the slow moving average, which is supporting the sellers.
The rate of change 12 is still trading in a bearish trend in formation, but the trend is weak as the sellers' momentum is beginning to decline.
It is expected that, if the US stock break the break of 180.64 might target levels of 172.77 on the other side in case, a breach of 183.33 may target the level of 195.50.
Support: 180.64 -169.60- 164.37
Resistance: 185.61 - 191.66 - 195.28
Trend: Down

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 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.