Alibaba ST : the upside prevails as long as 112.35 is support

Our pivot point is at 112.35.

Our preference: the upside prevails as long as 112.35 is support

Alternative scenario: below 112.35, expect 106.62 and 103.21.

Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 116.12 and 115.94).

Supports and resistances:

136.94 **

133.45 *

129.96 **

126.47

117.50 USD - last

114.61

112.35 **