A rally refers to a sustained increase in the price of an asset or market index. Usually referred to in context of reversing from a previous downtrend.
Rallies can occur in various asset classes, including stocks, commodities, and currencies. They can be triggered by a range of factors such as positive economic data, corporate earnings reports, or market sentiment.
A rally is often seen as a bullish event and can be part of a longer-term uptrend or a shorter-term bounce in a bearish market.
Opposite (see Break)
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