BABA Stock: Alibaba Group Holding Ltd Is Itching for a Breakout
My daily scouring of internet stocks revealed a lovely little breakout pattern developing in Alibaba Group Holding Ltd (NYSE:BABA). Let’s dig into the BABA stock chart below and identify how to trade it. For proper perspective, we begin with a weekly chart. Alibaba stock has spent the past six months carving out a sideways trading range. On the daily chart, Alibaba scored a strong post-earnings rally with heavy volume to boot.