Alibaba is neutral

Our pivot point stands at 81.1.

Our preference

Short term technical rebound towards 81.1 before a new drop.

Alternative scenario

The upside breakout of 81.1 would call for 84.7 and 86.9.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the share stands above its 20 day moving average (75.222) but below its 50 day moving average (78.135).

Supports and resistances

86.9 **

84.7 *

81.1 **

79.7

76.54 (USD-last)

72.2

70.1 **

68 *

66 **

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