Alibaba ends cautiously higher - Analysis - 13-08-2018

Chinese Alibaba's stock rose cautiously in the intraday levels, marking a profit of 1.59% in the last session, or 2.82 points, amid attempts to vent off oversold saturation in the RSI, while the stock is hurt by piercing the main upward trend line recently in the short term, with negative pressure from the 50-day SMA. 

Therefore we expect the stock to return lower, especially if it settles back below 180.50, targeting the support of 164.25.