It’s all about earnings for BABA

Since its 10% drop in late January of 2015, Alibaba Stock $BABA has traded approximately 7 points either side of 85. With periodic declines and pops, such as on Amazon earnings, the stock typically retraces back to the  85 price level, which has served as support and resistance throughout the past 6 months. Most of the moves in the stock occur on earnings. Given the reaction markets have had to earnings of companies this season, it looks like earnings day will be critical to whether the stock breaks out of the range.$BABApre earnings