Chinese Alibaba's stock rose 2.58% in the last session, or 3.69 points, while buoyed by a positive pattern that formed in the short term, the Double Bottom pattern, as the stock shook off negative pressure from the 50-day SMA, with positive signals from the RSI. 

Therefore we expect more gains for the stock, as long as it settles above 141.83, targeting the support of 153.30. 

Expected trend for today: Bullish