$Alibaba(BABA.US)$ $BABA-SW(09988.HK)$ is reporting on 7 Feb 2024. This is a highly monitored earning report - the question is whether the price will finally reverse up from here.
Few technical pointers to consider:
1. Price has broken out of a downsloping channel on high volume -> good
2. Price is still resisted by a cluster of historical support and resistance around 76 -> not good
3. Price is still abo...