Stock Of The Day: Will A 'Crowded Trade' Force Alibaba Lower?

1. Alibaba is set to announce earnings tomorrow, affecting investor sentiment. 2. Shares have rallied 60% recently, creating a potentially crowded trade. 3. Overbought conditions suggest BABA might face selloff regardless of earnings. 4. Resistance at $124 indicates potential downward pressure ahead. 5. Previous selloffs occurred after reaching this resistance level.