Momentum Shifts Higher in BABA at $152.24

Alibaba Group Holding Ltd (BABA) closed up 1.46% at $152.24 on December 27.

Technical indicators paint a bullish picture:

• Moving Averages: Mixed signals with price near the 9-day EMA ($151.35). The 21-day EMA sits at $154.12.
• Momentum: RSI at 47.0 is in neutral territory but trending higher. MACD is bullish (-3.14 vs signal -3.34).
• Volatility: Bollinger Band width at 12.2% indicates normal volatility.

Key levels to watch: Support at $145.04, Resistance at $163.97.