29.05.2015 - We forecast the growth of Alibaba shares to 120.00

The stock price of Alibaba after breaking through the sloping resistance line continued to grow and has overcome the local maximum at 88.65, which was the signal for opening long positions. Currently quotation corrected downwards to an important level of 90.75 and can rebound upwards to 95.00, and then will continue to rise to 105.00 and 120.00. We recommend to open long positions with a stop below 85.00 and expect growth of quotations in the medium term.

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