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Data:2009-12-12 2:34
Shares continued to fall after a period of time, a technical rebound, but the recovery rate is not too great, and then fell, when the low dropped to near the previous received support share prices once again reverse the upward trajectory of its stock on the run like the English letter W as the bottom of this form is an important one form, technically known as double bottom pattern.
This is mainly to make holdings of the stock continued to drop prices too low for investors to feel reluctant sellers, while other investors are attracted because of the new low-cost attempt to buy, together with those who are low initial short covering, so stock is beginning to show recovery in , when up to a certain level, the short-term speculative buying by some profit-taking, those who lost city of the Chi Chou would also like to sell picks up again, so share prices fell once again. However, confidence in the market outlook, investors felt that they missed the last opportunity to buy low, so this stock back down to the last low point when they take immediate action, as more and more investors buy when the demand more for less force to push stock prices rose, but also to break through the last pick-up in the high-point (neckline), reversing the downward trend in the past, the new rise began.
From the market point of view, E Wushang (000501) on showing such a pattern. Obviously, the unit after three months of decline, in the August 1 arrested, then shares with the double-dip, the market adjustment basically put in place, while in the graph, we can see the bottom of the lowest two or less are equal, but significantly higher than the left at the end of the end of the right to show the strength of a strong multi-party. In general, the double bottom of the volume drop dramatically, before and after the end of volume two roughly equal to the left at the end of the end of trading volume significantly larger than the right, then the double bottom patterns do not really set up; particularly in the broken neckline Volume must be timely when the zoom is often a major breakthrough in Yang Xian, often also withdraw sword after the break, thus confirming the break effectively. In the operation, generally the best time to buy, when to break the neckline and the neckline breakthrough withdraw sword or 30-day moving average picks up again.
