Alibaba Group Holdings Ltd.'s stock price (BABA) edged lower in its latest intraday trading, as the stock attempts to gain positive momentum that could help it recover and rise again. The medium-term main trend remains bullish, with trading taking place alongside an upward sloping trendline that supports this trend. The stock is also benefiting from dynamic support represented by trading above its previous 50-day SMA, in addition to positive signals appearing on the RSI after reaching extremely oversold levels.

Therefore, we expect the stock to rise in its upcoming trading, as long as it remains above the 116.00 support level, targeting the 134.50 resistance level.

Today’s price forecast: Bullish.

The price of (ETHUSD) declined in its last intraday trading, attempting to gain positive momentum that might assist it to recover and rise again, amid the continuation of the positive pressure that comes from its trading above EMA50, and under the dominance of the main bullish trend and its trading alongside a supportive minor bias line for this trend, on the other hand, we notice the emergence of the negative signals on the (RSI), decelerating the price recovery on the near-term basis.

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The price of (BTCUSD) declined in its last intraday trading, to gather the gains of its previous rises, attempting to gain positive momentum that might assist it to recover and rise again, attempting to offload some of its clear overbought condition on the (RSI), especially with the emergence of the negative signals, amid the dominance of the bullish trend and its trading alongside a supportive minor bias for this trend, taking advantage of the dynamic support that is represented by its trading above EMA50, reinforcing the positive pressures on the near-term basis.

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The price of (Brent) rose in its last intraday trading, due to the stability of the critical resistance levels at $66.00, gaining positive momentum to recover some of its previous losses, with the emergence of the positive signals on the (RSI), but the price remains under the negative pressure that comes from its trading below EMA50, and under the main bearish trend on the short-term basis and its trading alongside a supportive minor bias line for this trend.

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