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.