Alibaba may rise to 86.20 - 88.20

76.6 is our pivot point.

Our preference

The upside prevails as long as 76.6 is support.

Alternative scenario

Below 76.6, expect 73.3 and 71.4.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 77.481 and 76.5988).

Supports and resistances

90.1 **

88.2 *

86.2 **

84.2

79.99 (USD-last)

77.9

76.6 **

73.3 *

71.4 **

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