Alibaba tries to recoup some losses - Analysis - 10-06-2019

2019-06-10 09:59:04 GMT (Economies.com)
 

Alibaba's stock rose after the support of 151.20 held on, amid positive signals from the RSI, scoring a good profit of 2.08%, amid negative pressure from the 50-day SMA. 

 

Therefore we expect the stock to return lower, as long as the resistance of 165.25 holds on, targeting the support of 151.20. 

 

Expected trend for today: Bearish 

 
 
 
  Symbol Last Change Chg.%
1.2137
-0.0036
0.2994%
1.4117
-0.0019
0.1330%
Tadawul
10322.68
86.96
0.85%
27.388
-0.416
1.498%
65.330
-0.062
0.095%
68.55
0.41
0.60%
1829.975
-14.250
0.773%
 
 
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