Alibaba may fall to 62.40 - 64.80

Our pivot point is at 75.7.

Our preference

The downside prevails as long as 75.7 is resistance.

Alternative scenario

The upside breakout of 75.7 would call for 79.7 and 82.1.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the share stands below its 20 and 50 day moving average (respectively at 76.068 and 77.8772).

Supports and resistances

82.1 **

79.7 *

75.7 **

74.2

72 (USD-last)

67.1

64.8 **

62.4 *

60 **

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