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's stock rose in the intraday levels amid the dominance of the main upward trend in the medium and short terms and with support from the 50-day SMA, countered by negative signals from the RSI.
Therefore we expect more gains, targeting the resistance of 188.00.
Expected trend for today: Bullish