BABA might soar to $185 in the next few months, according to Alibaba stock news and analysis.

For more than a week, BABA has been consolidating in the $160s.
Alibaba’s stock is now forming an ascending wedge pattern.
BABA shares must maintain above the pivot at $161.88 in order to reach $185.
Alibaba (BABA), the Chinese e-commerce behemoth, began the week consolidating and looks to be ending it in the same way. BABA shares began a little over 1% down on Friday, around $163. Its recent lack of movement makes it a likely contender for a price surge in the near future.

BABA results are slated on November 18th, according to Alibaba news.

Alibaba executives said on Friday that the company’s unaudited third-quarter results will be revealed before the market opens on November 18. On $32.03 billion, Wall Street analysts predict $1.95 earnings per share (EPS). There have been three upward adjustments and eleven downward revisions on the future quarter in the last three months.

In unrelated news, Alibaba’s South China Morning Post is said to be up for sale by Bauhinia Culture Holdings. The English-language Morning Post is one of Hong Kong’s most prestigious newspapers, and the Chinese state-owned firm is rumored to be…