Alibaba $BABA was bullish in 2017, rallying from a low around $90.00 at the start of the year and never looking back, reacing 191.40 by November. Then it started to consolidate between roughly 191.40 and 163.40. BABA Daily Chart(click to enlarge)Bullish Breakout:- The daily chart shows BABA consolidating and almost completing a rounded bottom.- However, the 164.40 support continued to hold, but the 191.40 broke this week.- Price is poised to test $200 in the near-term.- If price comes back but still holds above the key pivot of $180, there should still be upside above $200.