$Alibaba (BABA.US)$ reversed into an uptrend on Oct. 5 after...

$Alibaba(BABA.US)$ reversed into an uptrend on Oct. 5 after reacting to a bullish double bottom pattern on the daily chart. The stock inclined over 20% and through two resistance levels before bumping into a higher resistance zone on Oct. 11 near the $170 level and rejecting the area. Since the date, Alibaba has been consolidating under the resistance level in a bull flag pattern.I will want to watch for a break up from the upper descending trendline of the flag formation, on high volume, for an entry. When a stock breaks up from a bull flag pattern, the measured move higher is equal to the length of the pole and should be added to the lowest price within the flag.