Alibaba Group's stock (BABA) fell in the intraday levels amid pressure from the 50-day SMA, with negative signals from the RSI after reaching overbought levels, marking a loss of 1.65%, or 1.55 points, and settling at 92.65, while still rising alongside the upward short-term correctional trend line.
Therefore we expect more losses for the stock, targeting the support of 88.00, provided the resistance of 102.70 holds on.
Expected trend for today: Bearish