Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.
Chinese Alibaba's stock (BABA) fell in the intraday levels, recording a loss of 0.34% in the last session, or 0.61 points, amid positive pressure from the 50-day SMA, while the stock trades within an ascending price channel that limited recent short-term trading.
Therefore we expect the stock to return higher, targeting the resistance of 184.53, as long as the support of 172.54 holds on.