– Alibaba broke key support level 78.00
– Likely to fall to support level 74.00
Alibaba Group today opened with the downward gap breaking below the key support level 78.00 (which has been reversing the price from the middle of May).
The breakout of the support level 78.00 coincided with the breakout of the 61.8% Fibonacci correction of the previous upward impulse C from April.
Given the strength of the active impulse waves 3 and (C) and the weekly downtrend, Alibaba Group can be expected to fall further to the next support level 74.00, former support from the end of April.
Solana: ⬇️ Sell - Solana reversed from resistance zone - Likely to fall to support…
EURAUD : ⬇️ Sell - EURAUD broke the support level 1.7600 - Likely to fall…
In 2026, experts favour the yen, see modest euro growth, and expect pressure on the…
Crypto rebounds continue; Bitcoin faces resistance, with a mixed market outlook ahead, as regulatory changes…
Coca-Cola: ⬇️ Sell - Coca-Cola reversed from long-term resistance level 73.25 - Likely to fall to…
DraftKings: ⬆️ Buy - DraftKings reversed from support zone - Likely to rise to resistance level…
This website uses cookies