AvaTradeAlibaba On the same day: The intraday (same day) support level is around 71.70.
Pivot point: 71.70
Trading Strategy: Above 71.70, be bullish with a target price of 74.95, followed by 76.60.
Alternative Strategy: Below 71.70, be bearish with a target price set at 69.90, followed by 68.70.
Technical Commentary: From a technical perspective, the RSI indicator is above the 50% neutral zone.
(For reference only, provided by third-party strategies)
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Support is a term used in technical analysis that refers to a specific price level or area where a decline in price encounters resistance.
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