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 returns lower - Analysis - 19-07-2018

Economies.com
2018-07-19 12:27PM UTC

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. 

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