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Friday, August 21, 2015

Alibaba (BABA) Stock Technical Analysis August 24, 2015

The following is Alibaba (BABA) Technical analysis for August 24, 2015

Alibaba (BABA)  Resistance, pivot & Support Levels - 8/24/2015
Resistance levels:
Pivot point:
Support levels:
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Alibaba (BABA) is up on Friday, expect the stock to be volatile. Share is recent low break $71 area  which is very barish. Share of Alibaba (BABA) hit a new low last week 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 $80 would be bullish for a trade. So wait and see mode now. I think short term support $60 to $70 may be support and resistance could be $80-$85.

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