The price of BABA in heading back to the support area. It is possible that it will struggle to break through it and move back in the other direction. The price may eventually break through, but typically the price retreats from the level a number of times before doing so.
Related Posts
There is a possibility of a big movement on V after a breach of the resistance
The breakout of V through the resistance line of a Triangle could be a sign of the road…
Supports and resistances are primary concepts of technical analysis. NKE is heading for an important price of 72.8900 – read about what this could mean for the future.
NKE is approaching a support line at 72.8900. If it hits the support line, it may break through…
INTC is approaching a resistance line of a Channel Up. It has touched this line numerous times in the last 49 days.
INTC is moving towards a resistance line which it has tested numerous times in the past. We have…