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:

BABA - Alibaba Weekly Chart