Summary of Well-Known Speculative Funds After 10 Years
Closing Line Prediction: Is the Daily Line Up or Down?
First, if the closing line is red with a long upper shadow, it indicates strong selling pressure above at the end of the day, making it likely to continue falling the next day.
Second, if the closing line is green with a long lower shadow indicating a rebound, it suggests that the price has found effective support at the bottom, and it may continue to rise the next day, so holding or following up is advisable.
Third, in an upward trend, if the closing line shows a large volume, it indicates strong selling pressure, so it's best to avoid participating in a downward trend. If the closing line shows large volume in a downward trend, it indicates a crisis sale, and one should exit as soon as possible.
Fourth, if there is a slight rise in the closing line during a downward trend or a slight drop in the closing line during an upward trend, these are considered sideways fluctuations and have little practical significance.
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