Alibaba (BABA) Stock Technical Analysis December 7, 2015

The following is Alibaba (BABA) Technical analysis for December 7, 2015

Alibaba (BABA)  Resistance, pivot & Support Levels - 12/7/2015
 
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 $57 area  which is very bearish but very bullish in rebound side $57 to $86. Share of Alibaba (BABA) hit a new high 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 $86 would be bullish for a trade. So wait and see mode now. I think short term support $70 to $65 may be support and resistance could be $85-$90.

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