25.05.2016 - We expect a strong price movement of Alibaba

Price of Alibaba continues to consolidate within the range 76,00-81,35. If the price fixates above the level of 81.35, we expect continued growth with targets at 85.15 and 91.20. The fall in the near future is limited by the support at 76.00 and its breaking through will confirm the sell signal with the targets at 67,40 and 60,00. We forecast a drop in the near future, but we recommend to wait for the signal to open new positions.

RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange ("Forex"), Contracts for Difference ("CFDs"), Indices, Options, or other financial derivatives, on "margin" carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full "Risk Disclosure" and "Risk Disclosures for Financial Instruments & Investment Services". FXFINPRO Capital is the trading name of PFX Financial Professionals Limited, a limited liability company formed under the laws of Cyprus, registered with the Registrar of Companies in Nicosia, Cyprus, under nr. HE 237840 and regulated by the Cyprus Securities and Exchange Commission with license number 193/13.