Altaba inches up - Analysis - 14-02-2019

Altaba's stock rose 0.28% in the last session, or 0.19 points, while settling above 68.60, representing the ratio 50% of Fibonacci retracement levels for a descending wave in the medium term (from 82.45 to 54.75), with positive support from the 50-day SMA, countered with negative signals from the RSI. 

Therefore we expect more gains for the stock, as long as it settles above 68.60, targeting the next resistance at 71.87, which represents the ratio 61.8% of the same retracement levels. 

Expected trend for today: Bullish