Altaba's stock rallied in the intraday levels, scoring a fresh profit of 1.75% in the last session, or 1.07 points, retesting the ceiling of that descending price channel in the short term, while touching the resistance of the 50-day SMA, with negative signals from the RSI. 

Therefore we expect the stock to return lower, as long as the resistance of 62.88 holds on, targeting the support of 57.61. 

Expected trend for the stock: Likely Bearish