NYSE:BABA   Alibaba Group Holdings Ltd.
16
reversal point is at 69.

Our preference: BUY with target above 69 points 86.25 and 94.5.

Alternative scenario: A break-down level of 69 open the way to 62.6 and 57.5.

Analysis: Break up 69 is a positive signal that opens the way to 86.25.

Support and resistance levels:
105
94.5
86.25
75.85 Closing price
69
62.6
57.5
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