Altaba rises within descending price channel - Analysis - 17-10-2018

Altaba's stock rose while still trading within a descending price channel that limited recent short-term trading, with negative pressure from the 50-day SMA, scoring a final profit of 3.12% in the last session, or 1.90 points, with positive signals from the RSI. 

Therefore we expect the stock to return lower, targeting the resistance of 57.61, as long as the resistance of 62.88 holds on. 

Expected trend for today: Likely Bearish