1. During the rising phase and with the following conditions, stock investors may consider selling their holdings:

(1) When the stock price reaches the end of its upward trend and the upward momentum is weak, forming a spiral consolidation trend, long-term investors can sell at a profit.

(2) When the stock price continues to rise for a period of time and the trading volume increases significantly within a certain price range, but the fluctuation of the stock price is limited, investors should be vigilant and sell their holdings in batches.

(3) After a long-term rise, the stock price has experienced one to three moderate declines, reaching the high price circle and reducing trading volume. When the issuing company is about to go ex dividend or ex rights, or when some of the issuing companies have already gone ex dividend or ex rights, selling should be considered.

(4) The stock price has been rising for a long time, and the P/E has already reached the high price circle. When the stock price encounters a strong resistance line, it cannot break through upwards, and an important and obvious reversal signal is formed on the trend chart, which should be sold immediately.

(5) The market is full of optimism, with frequent positive news. The stock price has surged. When dozens of consecutive sticky notes hit the limit up and even unpopular stocks hit the limit up, selling should be considered.

2. When the stock price is in a downward phase and meets the following conditions, stock investors can sell their stocks:

(1) When the stock price is in the early stages of decline and the trading volume increases significantly, but the price drops rapidly, it indicates a sharp decline and should be sold immediately.

(2) In a downward trend, the stock price continues to rise, and there is no obvious signal of exhaustion or rebound. It is also advisable to wait and see before selling.

(3) The mid-term rebound generated by the long-term downward trend of stock prices has risen to about one-third of the previous decline, and there have been several consecutive limit up boards. The market trading is extremely prosperous, and when the trading volume gradually increases, selling should be considered.

(4) When the stock price rebounds slightly during a long-term decline and begins to decline again, and falls below the support line, investors who focus on short-term profits should immediately sell.

The above is an introduction to selling techniques during the rising and falling stages of stocks.