– Alibaba Group broke resistance zone
– Likely to rise to resistance level 120.00
Alibaba Group under the bullish pressure after breaking the resistance zone lying between the key resistance level 101.25 (which also reversed the price in the middle of 2023) and the 61.8% Fibonacci correction of the weekly downtrend from last year.
The breakout of this resistance zone should further accelerate the active wave 2, which earlier broke the round resistance level 90.00.
Given the strength of the active wave 2, Alibaba Group can be expected to rise further to the next resistance level 120.00 (former yearly high from the start of 2023).
Energy is expected to regain the attention of market speculators next year due to both…
The crypto market has experienced a slight decline, falling to $3.29 trillion in the last…
- GBPUSD reversed from support level 1.2495 - Likely to rise to resistance level 1.2625…
- EURUSD reversed from powerful support level 1.0350 - Likely to rise to resistance level…
- WTI broke daily Triangle - Likely to rise to resistance level 70.90 WTI crude…
- AUDUSD reversed from resistance level 0.6270 - Likely to fall to support level 0.6200…
This website uses cookies