Alibaba didn't disappoint the investors and gained about 38% in his first day. It is the greatest ipo in the history and all the news about it seem positive at the moment. Now it's difficult to predict the trend evolution but we can try to imagine a possible price range in which buy to go long for the short term. In my opinion this stock could touch his maximum excursion points, from about 70-75$ to 100$, giving an opportunity to gain about 30%.
Good luck for your trading
Good luck for your trading