Altaba strives to recoup some losses - Analysis - 13-08-2018

Altaba's stock rose 0.68% in the last session, or 0.48 points, amid negative pressure from the 50-day SMA, while the stock is hurt by piercing the main upward trend line recently in the short term as shown in the attached chart, with the latest advance made in order to vent off oversold saturation in the RSI and recoup some recent losses. 

Therefore we expect the stock to return lower, targeting the support of 67.86, as long as it settles below 72.02.