FxPro - Analytics

FxPro

738.25 6.25/10
88% of positive reviews
Real

Alibaba Wave Analysis – 29 November, 2019

  • Alibaba broke strong resistance level 195.95
  • Likely to rise to 205.00

Alibaba recently broke the resistance trendline of the daily up channel from the start of October – intersecting with the powerful resistance level 195.95 (multi-month high from May).

The breakout of this up channel accelerated the active medium-term impulse wave 3 of the upward impulse sequence (C) from May.

Alibaba is expected to rise further toward the next resistance level 205.00 (forecast price for the completion of the active impulse wave 3).

1575041227


To leave a comment you must or Join us


By visiting our website and services, you agree to the conditions of use of cookies. Learn more
I agree