Alibaba strives to regain footing - Analysis - 05-12-2019

Economies.com
2019-12-05 12:43PM UTC

Alibaba's stock declined 0.60% in the last session away from a session high at 196.66, amid negative signals from the RSI while gathering momentum amid the dominance of the main upward trend, with positive support from the 50-day SMA. 

 

Therefore we expect the stock to return higher, targeting the resistance of 205.00. 

 

Expected trend for today: Bullish 

Stocks Technical Analysis

United States Analysis

Stocks

CVS price climbs cautiously - Forecast today - 28-03-2024
2024-03-28 11:18AM UTC
CVS Health Corporation Stock Analysis CVS Health Corporation’s stock price edged up in the ...
United States Analysis

Stocks

eBay price starts recovering - Forecast today - 28-03-2024
2024-03-28 11:17AM UTC
eBay Stock Analysis eBay’s stock price rose in the intraday levels amid the dominance of the ...
United States Analysis

Stocks

Taiwan Semiconductor price seeks a bottom to boost it higher - 28-03-2024
2024-03-28 11:17AM UTC
Taiwan Semiconductor Stock Analysis Taiwan Semiconductor’s stock price (TSM) fell in the ...