$BABA on verge of break-out?

Tuesday, January 23, 2018 @ 11:37 pm by Dr. Wish

GMI6/6

GMI-28/9

T210871%

This weekly chart suggests a possible cup with handle pattern. Looking for a high volume break-out on Wednesday.

Below is daily RWB chart. Note Tuesday’s high volume rise.

1 thought on “$BABA on verge of break-out?”

Thomas Skowronski

Wednesday, January 24, 2018 at 3:03 am

Baba has been on a squeeze for 5 weeks on the weekly chart.

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Selected stocks that have had a successful recent Green Line Breakout (GLB). One can really profit by buying stocks breaking out to all-time highs after a consolidation of 3 months or more, my GLB Setup.

Sym.	Date	GLB $	Now $	Chg.
FTAI	10/26/23	$34.79	$165.32	375.19%
META	1/23/24	$384.33	$569.20	48.10%
APP	9/17/24	$116.09	$328.56	183.02%
COST	12/11/23	$615.27	$961.55	56.28%
GDDY	11/22/23	$93.75	$197.85	111.04%
WING	11/15/23	$223.77	$331.27	48.04%
CAVA	4/22/24	$58.10	$141.20	143.03%
CAH	11/3/23	$95.45	$122.63	28.48%
PGR	10/13/23	$149.87	$266.86	78.06%
ANF	12/18/23	$85.77	$148.56	73.21%
MPTI	10/9/23	$21.00	$65.37	211.29%
PANW	8/21/23	$213.61	$384.37	79.94%
NVO	8/8/23	$86.49	$106.13	22.71%
CBOE	8/4/23	$138.54	$217.84	57.24%
VST	8/4/23	$27.96	$154.52	452.65%
MOD	8/3/23	$37.62	$133.37	254.52%
VRT	8/2/23	$28.80	$126.94	340.76%
PSN	8/2/23	$50.15	$95.86	91.15%
PHM	4/25/23	$63.90	$136.53	113.66%
CRS	4/23/24	$79.66	$194.46	144.11%
IBKR	2/9/24	$95.59	$191.31	100.14%
BX	10/11/24	$149.78	$189.02	26.20%

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