Is Alibaba's Stock About To Rally?

Benzinga2021-06-03

Support is a large concentration of buyers who are all looking to pay the same price. At support levels, there is more demand for shares than there is supply. That’s why sell-offs end when they reach them.

Sometimes when stocks fall to support, the tide turns and the stock rallies or rebounds.

This is what happened to shares of Alibaba Group Holding Limited(NYSE:BABA) when they fell to $211.50 in December. Now it looks like it may happen again.

Alibaba's stock reached this support on May 13. Shares were able to hold, and now they may be rebounding.

The stock closed Wednesday at $219.59.

免责声明：本文观点仅代表作者个人观点，不构成本平台的投资建议，本平台不对文章信息准确性、完整性和及时性做出任何保证，亦不对因使用或信赖文章信息引发的任何损失承担责任。

精彩评论

ProsPaddles
2021-06-04
ProsPaddles
The rebound is too low and slow. It need to be faster and high!
ehkay
2021-06-04
ehkay
[Miser]
Mingling8885
2021-06-04
Mingling8885
Pretty good price now too [可爱]
- Doulicious:
  Commented
Aloylim1117
2021-06-03
Aloylim1117
Like and comment pls
Alihuat
2021-06-03
Alihuat
Alamak.. didnt buy earlier when lower..
calbee_lwh
2021-06-03
calbee_lwh
Yessss

发表看法

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