Chinese Alibaba's stock (BABA) surged in the intraday levels, scoring a profit of 2.18% in the last session, or 3.95 points, and settling anew above the resistance of 184.53, amid the dominance of the main upward trend in the medium term, with positive support from the 50-day SMA.
Therefore we expect more gains for the stock, as long as it settles above 184.53, targeting the resistance of 197.26.
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