Alibaba gathers positive momentum - Analysis - 22-03-2019

Economies.com
2019-03-22 13:01PM UTC

Chinese Alibaba's stock fell 1.27% in the last session, or 2.30 points, with positive support from the 50-day SMA, with positive signals from the RSI, while buoyed by a positive pattern that formed in the short term, the Double Bottom pattern. 

 

Therefore we expect the stock to rise, targeting the resistance of 188.08. 

 

Expected trend for today: Bullish 

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