- Alibaba broke key resistance level 147.70
- Likely to rise to resistance level 170.00
Alibaba Group has been rising sharply in the last few trading sessions after the earlier breakout of the key resistance level 147.70 (which stopped the previous wave (A) in the middle of March, as can be seen below).
The breakout of the resistance level 147.70 was preceded by the breakout of the 2 daily up channels from July and April - which accelerated the active impulse wave (C).
Given the strong daily uptrend, Alibaba Group can be expected to rise to the next round resistance level 170.00, the target for the completion of the active impulse wave (C).
- Likely to rise to resistance level 170.00
Alibaba Group has been rising sharply in the last few trading sessions after the earlier breakout of the key resistance level 147.70 (which stopped the previous wave (A) in the middle of March, as can be seen below).
The breakout of the resistance level 147.70 was preceded by the breakout of the 2 daily up channels from July and April - which accelerated the active impulse wave (C).
Given the strong daily uptrend, Alibaba Group can be expected to rise to the next round resistance level 170.00, the target for the completion of the active impulse wave (C).
Alexander Kuptsikevich,
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.
Alexander Kuptsikevich,
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.