10 Reasons to be Bullish on $BABA

1. $BABA broke the downward trend line.
2. It broke over the 10-day EMA.
3. It broke over the 200-day SMA.
4. The 50-day SMA has begun to slope upwards.
5. The 60 RSI is bullish and gives it room to climb higher.
6. It rallied as the rest of the market was down Monday.
7. $BABA continues to go up on increasing volume.
8. For three days, $BABA has made higher highs and higher lows.
9. $BABA is the $AMZN of China, only much bigger.
10. The $BABA chart has the potential to be a big, bullish cup with handle pattern.

(Full disclosure: I am long $BABA from Friday)