Alibaba (BABA) Stock Technical Analysis October 8, 2014

The following is Alibaba (BABA) Technical analysis for October 9, 2014

Alibaba (BABA)  Resistance, pivot & Support Levels - 10/9/2014
 
Resistance levels:
Pivot point:
Support levels:
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Alibaba (BABA) IPO ON Tuesday with market, expect the stock to be volatile.Share already have $95 price target by CRT Capital.  Buy the dips, sell the rips. Share of Alibaba (BABA) hit a new record low on Tuesday after more profit taking hit the stock.  Every one said Alibaba (BABA)  is a strong sell into any rally as shares are expensive.  However, a break above $90.48 would be bullish for a trade. So wait and see mode now. I think $80 to $85 may be support and resistance could be $99.07.

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