Alibaba Group Holding Limited ($BABA) is experiencing notable trading activity ahead of its upcoming earnings report. The stock has recently climbed to its highest level in three years, with a reported increase of 4% in Hong Kong and a 6% rise in its U.S. American Depositary Receipts (ADRs). Analysts have pointed out that $BABA is currently the most overbought it has been since June 2017. Observers are keenly watching the company's performance, particularly in light of the substantial upside movement it has enjoyed recently. The market sentiment appears to be influenced by a growing interest in Chinese stocks, as indicated by comments from various market participants.