Alibaba may rise to 125.80 - 131.30

Our pivot point stands at 98.6.

Our preference

The upside prevails as long as 98.6 is support.

Alternative scenario

Below 98.6, expect 89.8 and 84.5.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 99.5695 and 88.5064).

Supports and resistances

136.7 **

131.3 *

125.8 **

120.3

107.89 (USD-last)

102.1

98.6 **

89.8 *

84.5 **

Number of asterisks represents the strength of support and resistance levels.