BABA 1D Time frame📊 Market Snapshot
Current Price: Around $146–147
Recent Trend: Strong upward momentum over the past weeks
Overall Technical Bias: Bullish, but nearing overbought
🔎 Technical Indicators
RSI (14-day): ~75 → Overbought zone, signals strong momentum but also risk of pullback.
MACD: Positive → Momentum remains bullish.
Stochastic & CCI: High readings → Also showing overbought conditions.
📈 Moving Averages
5-day MA: ~$146 → Bullish short-term support
10-day MA: ~$145 → Still bullish
20-day MA: ~$140 → Strong base level
50-day MA: ~$137 → Medium-term support
100-day MA: ~$130 → Long-term support
200-day MA: ~$125 → Major long-term support
All major moving averages are aligned bullishly.
🔧 Support & Resistance
Support Zone: ~$145–146
Resistance Zone: ~$147–150 (immediate), with potential toward $160 if breakout continues
📅 Outlook
Bullish Case: If price holds above ~$147, it could target $150+ and possibly $160.
Bearish Case: Overbought readings may trigger a pullback toward $145 or even $140.
Overall Bias: Bullish trend intact, but short-term consolidation or mild correction is possible.
