have beaten estimates for the last three quarters. BABA's also a key stock to watch if trade relations between the U.S. and China continue to show signs of improvement.
Still, it's been trapped in a range all year while making higher lows. Interestingly, the current price action may resemble Apple ( AAPL ) about two months ago. The iPhone maker was in a range and holding its 50-day . Then it broke a triangle and paused for a few weeks before heading to new highs. Does BABA face a similar setup now?
Here's the AAPL chart showing price action in September and October: