22.12.2015 - Alibaba Group's shares are in the triangle

Stock price of Alibaba Group is consolidated within the triangle and in case of fixing beyond its borders, we expect a strong price movement, but at the moment the amplitude of price fluctuations is reduced. A signal to sell with the objectives at 71,80-72,50 will be securing of quotations below 80.00. On the other hand, long positions with the targets at 90.75 and 100.00 should be open in case of fixing above 86.00. We recommend waiting for confirmation of the signal to open new positions.

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