Category: Money tips Release Date: 2006-03-16
Double-top graphics, also known as "M head" graphics, is the second consecutive rise in the stock price reach roughly the same time, the formation of a high degree of price movement graph.
î—?î—?"double bottom" formation that is the case, the stock is rising Quotes of the end, reaching a considerable height, when investors, especially short-term investors seem lucrative, so have to sell their own hands to hold shares, make volume reached its peak. Due to selling pressure, and stock prices began to fall, while turnover has also started to decrease, so the formation of the first "top."
î—?î—?followed is that stock from the first "top" of the lower beginning to rebound. This is because in the first "top" of the lower, there are a lot of buying, there are many investors, especially short-term investors, that the lower price, have the market to buy, so prices will be back up to with the first "top" height or less, selling the power of enhanced supply exceeds demand, so stock prices began to fall, thus forming a second "top." Completed a double-top graphics.
î—?î—?"double-top" graphic is a price trend reversal as a sign of bear market. Because when the stock reached a second peak, its volume is often the peak of less than the first one, which indicates that the stock has reached a considerable height, a large stock slippery could begin.
î—?î—?worth mentioning that only the stock price falls below the neckline below 3 percent, double the top of the graphics in order to be final confirmation.
î—?î—?In short, when the stock prices showed double-top graphics, the investor should immediately sell their holdings, or else such as the price way down, there is no chance shipped.
