Altaba ends cautiously higher - Analysis - 22-10-2018

Altaba's stock rose 0.55% in the last session, or 0.33 points, with negative pressure from the 50-day SMA, while trading within a descending price channel that guided recent short-term trading, 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 today: Likely Bearish