ALIBABA at critical support
Alibaba prices are currently just above the EMA 200 days support. Shall prices manage to stay above this important support, there is a good chance it could retest the $284 resistance. If that resistance gets taken out by the buyers, the next possible resistance is its all time high of around $320.
However a close below $247 could put an end to this uptrend potential.
However a close below $247 could put an end to this uptrend potential.
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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.