Alibaba recently reversed up from the support area lying between the pivotal support level 200.00 (low of the previous correction (2)), lower daily Bollinger Band and 38.2% Fibonacci retracement of the previous upward impulse from October.
The upward reversal from this support area started the active short-term impulse wave 3 of the longer-term impulse wave (3).
Given the clear daily uptrend – Alibaba is likely to rise further toward the next resistance level 220.00.
Welcome to Pro News Flash! 💵 The U.S. dollar slips 🏆 Major stock indices struggle…
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…
This website uses cookies
