Report
Jérôme VINERIER

Short term view - ALIBABA : The support is close.

A correction is underway. The trend is not bullish anymore as the previous significant low has been broken, but it is not yet bearish. We do not have two descending peaks and troughs. The trend is neutral.

Arguments :
- The support is close.
- The resistance has been reached, it causes the fall.
- The moving average is supporting prices.
Underlying
Alibaba Group Holding Ltd. Sponsored ADR

Provider
Day By Day
Day By Day

​​DayByDay is an independent research company providing global macro and single stock analysis, recommendation and allocation based purely on behavioural finance methods. Those include long term cycle analysis, sentiment analysis, and technical trigger. DayByDay serves all clients in need of practical and precise publications to make effective market decisions, on any time horizon, from a few hours to a few years.

Analysts
Jérôme VINERIER

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