– Alibaba Group falling inside impulse wave 5
– Likely to fall to support level 66.80
Alibaba Group falling strongly inside the minor impulse wave 5, which started earlier from the key resistance level 77.70 (which stopped wave a in December).
The resistance level 77.70 was strengthened by the upper daily Bollinger Band, resistance trendline of the daily down channel from July and by the upper daily Bollinger Band.
Given the clear daily downtrend, Alibaba Group can be expected to fall further to the next support level 66.80 (former monthly low from January).
- GBPUSD broke support zone - Likely to fall to support level 1.2465 GBPUSD currency…
- USDCHF broke resistance zone - Likely to rise to resistance level 0.9000 USDCHF currency…
The decline in EURUSD was driven by weak PMI figures, with France and Germany both…
Gold has reached record high in euro above 2600, and growing fast in dollar terms…
The crypto market is booming as the anticipation of regulatory changes grows. Bitcoin nears $100K,…
- GBPCAD broke support zone - Likely to fall to support level 1.7500 GBPCAD currency…
This website uses cookies