BABA Coils Before November 24 Earnings Release

BABA, the Chinese e-commerce giant, is currently trading at $106.51 on Binance, with a 24-hour range of just $105.57 to $106.68. This indicates that the stock is coiling and waiting for a reason to move.

The November 24 earnings release will be crucial in determining whether Alibaba's heavy investment in AI and cloud technology begins to produce margin expansion rather than just top-line growth.

Average technical indicators such as moving averages, RSI, MACD, and Bollinger Bands are all showing bearish signals. The SMA 7, SMA 20, and SMA 50 are all stacked above the current price, indicating a downtrend with overhead supply at every turn.