BABA – Alibaba Weekly Chart.
After breaking out a cup and handle pattern (which we called and traded back in March – see old posts on the website), the Chinese internet retailer is flirting with new all time highs now at 126.
A great long term buy and hold in our opinion.
Previous all time highs were at 120 set 9 weeks after the retailing giant had its IPO and wasn’t tested until two years later.
see an older post from Feb. 27th 2017 before the breakout
Here’s the weekly chartpattern:
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