Alibaba buoyed by positive pressure - Analysis - 10-07-2019

2019-07-10 14:05:59 GMT (Economies.com)
Alibaba buoyed by positive pressure - Analysis - 10-07-2019
 

Alibaba's stock leaned on the support of the 50-day SMA, while the RSI reached oversold levels, as the stock traded alongside the upward trend line in the medium term. 

 

Therefore we expect more gains for the stock, provided the support of 165.25 holds on, targeting the resistance of 178.00. 

 

Expected trend for today: Bullish 

 
 
 
  Symbol Last Change Chg.%
1.1255
-0.0018
0.1614%
1.2501
-0.0074
0.5889%
15.401
0.183
1.202%
59.445
-0.887
1.471%
66.58
0.08
0.12%
1412.805
-2.690
0.190%
 
 
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