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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。

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评论18

  • ProsPaddles
    ·2021-06-04
    The rebound is too low and slow. It need to be faster and high!
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  • ehkay
    ·2021-06-04
    [Miser] 
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  • Mingling8885
    ·2021-06-04
    Pretty good price now too [可爱] 
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    收起
    • Doulicious
      Commented
      2021-06-04
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  • Aloylim1117
    ·2021-06-03
    Like and comment pls
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  • Alihuat
    ·2021-06-03
    Alamak.. didnt buy earlier when lower..
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  • calbee_lwh
    ·2021-06-03
    Yessss
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  • J355
    ·2021-06-03
    Yes pls
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    收起
    • mQ
      Are you sTill holding??
      2021-06-04
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    • mQ
      Reply me leh
      2021-06-04
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    • J355
      ??
      2021-06-05
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    查看更多 1 条评论
  • Ajinomoto
    ·2021-06-03
    Baba , sleeping for too long . 
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  • Natdns
    ·2021-06-03
    [Smile] 
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  • Jaske123
    ·2021-06-03
    Nice
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  • Wil_Huat
    ·2021-06-03
    🚀
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    • Chels
      i wonder...
      2021-06-04
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    • Wil_Huat
      gonna happen
      2021-06-04
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  • Michaelw
    ·2021-06-03
    Too the moon!
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  • LJYOng
    ·2021-06-03
    Nooooooooo
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  • FlorCheah
    ·2021-06-03
    Anyone go for Alibaba
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  • wyggy
    ·2021-06-03
    Bababababa
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    收起
    • syneo
      [笑哭]
      2021-06-03
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  • nelson21
    ·2021-06-03
    Pls like and comment 
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    • Joe0319
      can like and reply?
      2021-06-03
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  • 52b8d7b
    ·2021-06-03
    Reply me pls
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    • Foros
      Replt me plS
      2021-06-03
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    • X97_79X
      Replied
      2021-06-03
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  • genieK
    ·2021-06-03
    Took it literal
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    • AMz13
      Nice!
      2021-06-03
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