Chinese Alibaba's stock (BABA) kept rising in the intraday levels, scoring a profit of 0.72% in the last session, or 1.25 points, amid the dominance of the main upward trend in the medium and short terms, with positive signals from relative power indicators, after they reached extremely oversold levels compared to the stock's movement, with positive pressure from the 50-day SMA.
Therefore we expect more gains for the stock, targeting the resistance of 181.40, as long as the support of 163.60 holds on.