Altaba leans on SMA support - Analysis - 14-12-2018

Altaba's stock shed 0.10%, or 0.06 points, leaning on the support of the 50-day SMA, while gathering momentum to help it rise anew, as the RSI reached oversold levels compared to the stock's movements, while buoyed by exiting a descending price channel that limited recent short-term trading.  

Therefore we expect the stock to return higher, as long as the support of 62.88 holds on, targeting the resistance of 67.86. 

Expected trend for today: Likely Bullish