Alibaba's stock fell today after the resistance of 178.03 held on, as traders collect profits, while the stock vents off overbought saturation in the RSI, gathering momentum to help it breach that resistance, amid the dominance of the upward short-term trend.
Therefore we expect the stock to rise if the resistance of 178.03 was breached, targeting the next one at 188.35.
Expected trend for today: Bullish