Tuesday, May 09, 2017 3:53:34 PM
Shares of Alibaba Group Holding Ltd (NYSE:BABA) are running into a major double top high pivot from November 2014. The price point of the double top is $120.00. Based on chart technical analysis, Alibaba Group Holding should pull back in the coming weeks after touching this point. The downside target is $108.00, meaning there is a $12 reward for investors willing to short the ecommerce company. Earnings are set to be reported on the morning of May18th. Note the chart below...
Gareth Soloway
InTheMoneyStocks
Recent BABA News
Avant Technologies Equipping AI-Managed Data Center with High Performance Computing Systems • AVAI • May 10, 2024 8:00 AM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement • ELEM • May 8, 2024 9:05 AM
Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM
