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Mingling8885
2021-06-04

Pretty good price now too [可爱]

Is Alibaba's Stock About To Rally?

Support is a large concentration of buyers who are all looking to pay the same price. At support lev

Is Alibaba's Stock About To Rally?

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At support lev","content":"<p>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.</p>\n<p>Sometimes when stocks fall to support, the tide turns and the stock rallies or rebounds.</p>\n<p>This is what happened to shares of&nbsp;<b>Alibaba Group Holding Limited</b>(NYSE:BABA) when they fell to $211.50 in December. Now it looks like it may happen again.</p>\n<p>Alibaba's stock reached this support on May 13. 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At support levels, there is more demand for shares than there is supply. That’s why sell-offs end when they reach them.</p>\n<p>Sometimes when stocks fall to support, the tide turns and the stock rallies or rebounds.</p>\n<p>This is what happened to shares of&nbsp;<b>Alibaba Group Holding Limited</b>(NYSE:BABA) when they fell to $211.50 in December. Now it looks like it may happen again.</p>\n<p>Alibaba's stock reached this support on May 13. Shares were able to hold, and now they may be rebounding.</p>\n<p>The stock closed Wednesday at $219.59.</p>\n<p><img src=\"https://static.tigerbbs.com/be199b13c5ecb52bd61d1f4d5e15fc86\" tg-width=\"1531\" tg-height=\"819\"></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1180328270","content_text":"Support is a large concentration of buyers who are all looking to pay the same price. 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Is Alibaba's Stock About To Rally?

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