– Alibaba reversed from resistance level 78.00
– Likely to fall to support level 70.30
Alibaba recently reversed down from the pivotal resistance level 78.00 (former multi-month support from May of 2023).
The resistance level 78.00 was strengthened by the upper daily Bollinger Band and the 50% Fibonacci correction of the downward impulse from December.
Given the persistent daily downtrend, Alibaba can be expected to fall further to the next support level 70.30 (which stopped the previous wave 3 at the start of December).
Dow Jones: ⬇️ Sell - Dow Jones reversed from resistance level 49000.00 - Likely to fall…
Comcast: ⬆️ Buy - Comcast broke resistance area - Likely to rise to resistance level 31.00…
Platinum: ⬆️ Buy - Platinum broke resistance level 1800.00 - Likely to rise to resistance…
Silver: ⬆️ Buy - Silver broke resistance zone - Likely to rise to resistance level…
The Fed is in no hurry to cut rates, and Hassett is unlikely to accelerate…
Crypto market faces renewed downward pressure; Bitcoin may drop further, with diverging forecasts for 2026…
This website uses cookies