Alibaba attacks stubborn resistance - Analysis - 17-09-2019

Economies.com
2019-09-17 14:15PM UTC

Alibaba's stock declined as the resistance of 179.00 held its ground, amid positive pressure from the 50-day SMA, countered by negative signals from the RSI. 

 

Therefore we stand neutral until the stock moves on 179.00, targeting the next one at 195.64. 

 

Expected trend for today: Bullish 

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