Altaba tries to regain footing - Analysis - 12-12-2018

Altaba's stock rose 0.55% in the last session, or 0.34 points, while buoyed by exiting a descending price channel that guided recent short-term trading, benefiting from the 50-day SMA's support, while the RSI reached oversold levels compared to the stock's movements. 

Therefore we expect more gains for the stock, especially if it settled back above 62.88, targeting the resistance of 67.86. 

Expected trend for today: Bullish