Breach of important price line imminent by Alibaba

Alibaba is moving towards a line of 87.62 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If Alibaba continues in its current trajectory, we may see it move towards 87.62 within the next 10 hours.

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