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 anew in the intraday levels, with negative pressure from the 50-day SMA, recording a loss of 0.97% in the last session, or 1.87 points, amid the dominance of the main upward medium-term trend, with positive signals from the RSI.
Therefore we expect the stock to return higher, as long as the support of 180.50 holds on, targeting the resistance of 205.69.