How to find the turning point. Every correct turning point is accompanied by a contraction in trading volume, which is when liquidity is at its tightest. Lower trading volume means there is no longer a constant supply of stocks to the market, and as supply dwindles, even a little buying can push prices up quickly. You will then see trading volumes rise and continue to strengthen. As long as the price passes the turning point, you can buy.
But it is also possible that the price squats and suddenly falls. At this time, we should not sell immediately, but check whether the squatting range touches the stop loss line (below the 20-day moving average). Things could get better if price action tightens and trading volume shrinks, wait and see
Steps of contract gendan: Contract-gendan transaction in the upper right corner-Search: Genius Trader Xiao Yang
