American Stocks Analysis

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.

Alibaba ends lower - Analysis - 23-10-2017

Economies.com
2017-10-23 12:35PM UTC

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. 

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