Alibaba buoyed by positive pattern - Analysis - 14-02-2019
Economies.com
2019-02-14 13:58PM UTC
Chinese Alibaba's stock rose 0.41% while buoyed by positive pattern that formed in the short term, the Double Bottom pattern, with positive support from the 50-day SMA, while the RSI reached oversold levels.
Therefore we expect more gains for the stock, provided it settles above 168.64, targeting the resistance of 182.38.
Expected trend for today: Bullish
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