WEIBO rallies within ascending price channel - Analysis - 13-02-2018

WEIBO's stock (WB) rose in the intraday levels, scoring a fresh profit of 2.57% in the last session, or 2.96 points, while trading within an ascending price channel that limited recent short-term trading, trespassing thereafter the resistance of the 50-day SMA, and shaking off its negative pressure, while forming a positive divergence in the Stochastic indicator as shown below the attached chart. 

Therefore we expect more gains for the stock, as long as the support of 108.25, targeting the pivotal resistance of 136.19.