Chinese Alibaba's stock (BABA) fell anew in the intraday levels, registering a loss of 1.64% in the last session, or 2.98 points, leaning thereafter on the main upward medium-term trend line, as the stock tries to gather momentum to help it rise anew, with negative pressure from the 50-day SMA.
Therefore we expect the stock to return higher, as long as the support of 175.45 holds on, targeting the resistance of 205.69.
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eBay's stock (EBAY) fell in the intraday levels, registering a new loss of 0.27% in the last session, or 0.11 points, and ending a session marked with volatility, as the stock seeks a bottom to bounce it higher anew, amid the dominance of the upward medium-term trend, with positive signals from the RSI.
MoreAltaba's stock (AABA) fell in the intraday levels, registering a new loss of 0.53% in the last session, or 0.39 points, amid negative pressure from the 50-day SMA, with negative signals from the RSI, as the stock tries to seek a bottom to bounce it higher anew, while trading alongside the main upward medium-term trend line.
MoreApple's stock (AAPL) fell in the intraday levels, registering a new loss of 1.10% in the last session, or 1.86 points, while the stock seeks a bottom to bounce it higher anew, leaning thereafter on the support of 164.80, while trading alongside the main upward medium-term trend line as shown in the attached chart, with positive positive signals from the RSI.
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