Chart of the Day: Alibaba Group Holding: (BABA)

A symmetrical triangle pattern has emerged in the stock chart of Alibaba Group Holding (BABA)… 

Alibaba Group Holding (BABA) is the world’s largest online and mobile commerce company. It operates China’s most-visited online marketplaces, including Taobao and Tmall. The company continues to see strong growth in e-commerce, and its strengthening cloud business will be an additional tailwind going forward.

Take a look at the 1-year chart of BABA below with my added notations…

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