BABA Cup and Handle Breakout?

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The BABA chart has been perfectly forming a cup and handle pattern since the downturn in 2021.

Then BABA recently announced its AI Chips. This news event seems to have broken the stock out of its handle, indicating it will start a bull run.

BABA is a solid company with big plans and I believe it should have no problem reaching ATH's.

Thoughts?

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