Momentum Shifts Higher in BABA at $152.24
BullishAlibaba 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.