Alibaba ST: as long as 249.7 is support look for 299.8

Trading Central 2021-02-22 07:44:05

Our pivot point stands at 249.7.

Our preference: as long as 249.7 is support look for 299.8.

Alternative scenario: below 249.7, expect 233.1 and 223.2.

Comment: the RSI is above 50. The MACD is positive and below its signal line. The stock could retrace in the short term. Moreover, the stock is trading under its 20 day moving average (263.9645) but above its 50 day moving average (253.4206).

Supports and resistances:

320.3 **

310.1 *

299.8 **


263.59 (USD-last)


249.7 **

The trading strategy containing reference trading prices and analysis opinions is provided by the third-party provider Trading Central.And the trading strategy is only the personal research and judgment by analysts,which is not a statement of facts.No representation or warranty is given as to the accuracy or completeness of this strategy. Consequently any person acting on it does so entirely at their own risk. TOP1 accepts no responsibility for any use that may be made of these comments and for any consequences that result.

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