BABA- Alibaba – Weekly Chart.

The online retail innovator is trading near all time highs and showing strength, while other high flying tech stocks have sold off some. This week Alibaba announced plans to sell a Chinese language alternative to Amazon’s Echo.

We have recommended BABA as a long term buy and hold since the Cup andHandle breakout in February.

see an older post from Feb. 27th 2017 before the breakout

Here’s the weekly chartpattern:

BABA - Alibaba Weekly Chart

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