Alibaba - 30d expiry - We look to Sell a break of 79.38 (stop at 84.38)

The primary trend remains bullish.
The stock is currently underperforming in its sector.
This is currently an actively traded stock.
Daily signals are bearish.
We are trading at oversold extremes.
There is no clear indication that the downward move is coming to an end.
79.48 has been pivotal.
A break of the recent low at 79.48 should result in a further move lower.

Our profit targets will be 67.38 and 65.38

Resistance: 85.00 / 88.50 / 91.43
Support: 82.70 / 79.48 / 75.00

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