Chinese Alibaba's stock rose and settled above the support of 180.04, representing the ratio 61.8% of Fibonacci retracement levels for a descending wave in the medium term (from 211.67 to 129.00), with positive pressure from the 50-day SMA, coupled with positive signals from the RSI. 

Therefore we expect more gains for the stock, as long as it settles above 180.04, targeting the next resistance at 192.00, which represents the ratio 76.4% of the same retracement levels. 

Expected trend for today: Bullish