ACT's pull-up operation is actually to activate market liquidity.
After the last round of pull-ups, the liquidity of the market has been basically exhausted as the dealers sold their stocks. At this time, in order to re-activate market sentiment and attract more capital inflows, they often choose to pull up quickly again. The purpose of this process is to stimulate market activity, attract retail investors to follow, and thus create new short-term gains. But it should be noted that in this process, the dealer does not intend to take you on board, but uses the opportunity of pull-ups to sell at high prices again.
For those investors who have been cut in ACT pull-ups, they are likely to become targets again and experience a new process of cutting leeks.
How to judge whether the market really wants to pull up?
An effective way to judge is to observe the continuous increase in volume on the daily chart. Especially when the stock price breaks through the previous high, if it is accompanied by higher trading volume and maintains this volume for many consecutive days, then it is very likely that the market is really pulling up. On the contrary, if the trading volume cannot continue to expand or shrink repeatedly, then this is likely to be just a false move. The dealer may only digest the chips in the short term. Once it rises to a certain level, it will choose to ship again.
In summary, a real pull-up not only requires the support of volume, but also depends on whether the volume after the pull-up can remain strong. If there is no continuous follow-up of funds, it may mean that another "shipping" has begun.
