Altaba tries to vent off oversold saturation - Analysis - 15-10-2018

Altaba's stock surged in the intraday levels amid attempts to vent off oversold saturation in the RSI, while scoring a profit of 3.42% in the last session, or 2.05 points, with negative pressure from the 50-day SMA, while trading within a descending correctional short-term price channel. 

Therefore we expect the stock to return lower, as long as it settles below 62.88, targeting the support of 60.99. 

Expected trend for today: Likely Bearish