• Alibaba reversed from resistance level 230.00
• Likely to fall to 220.00
Alibaba group recently reversed down from the multi-month resistance level 230.00 (which stopped the extended daily uptrend at the start of this year) – strengthened by the upper daily Bollinger band.
The downward reversal from this resistance level stopped the earlier short-term impulse wave (iii) from the middle of June. Given the overbought reading on the daily Stochastic indicator – Alibaba group is likely to fall further toward the next support level 220.00 (low of the previous minor correction).
- GBPUSD reversed from strong support level 1.2665 - Likely to rise to resistance level…
- USDCAD broke resistance level 1.3950 - Likely to rise to resistance level 1.4050 USDCAD…
The US dollar has strengthened, reaching the upper boundary of its trading range. The British…
Cryptocurrencies continued to surge, pushing the total cap to $3 trillion. Bitcoin has gained nearly…
- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
This website uses cookies