Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.
Chinese Alibaba's stock (BABA) fell in the intraday levels, registering another loss of 1.49% in the last session, or 2.75 points, as the stock gathers momentum to help it rise anew, by venting off the overbought saturation in the RSI, with positive pressure from the 50-day SMA, coupled with the dominance of the main upward trend in the medium term.
Therefore we expect the stock to return higher, provided it settles back above 184.53, targeting the next resistance at 197.26.