Using weekly candlestick to select strong stocks

The weekly candlestick chart is more stable than the daily candlestick chart. In short-term trading, it is necessary to pay attention to the position of the weekly candlestick of a stock. If the weekly candlestick of a certain stock breaks through the downward pressure line and the trading volume cooperates, there is a high probability of a better short-term opportunity. Breaking through the downward pressure line on the weekly candlestick chart has a stronger ability to sustain upward momentum than breaking through the daily candlestick chart, while falling below the upward trend line is often an opportunity for short-term elimination. While paying attention to the weekly candlestick chart, it is also necessary to combine the moving average system for research. When the weekly candlestick is rising and there are signs of a reversal in the short-term moving average, it should be eliminated in the short term, otherwise it can be intervened in the short term.

A bullish candlestick in a weekly candlestick chart with a short upper shadow is the strongest trend, as pulling out a bullish candlestick in the weekly candlestick chart means that buyers are overwhelming the advantage. With a short overhead line, it indicates that the buyer is making moderate concessions. This is actually a main force washing action, as the main force suppresses the stock price during the last one or two trading days of the weekend, forcing short-term shareholders to sell the stock before the weekend. Due to the significant increase this week and the suppression over the weekend, retail investors will not follow suit, and the stock price will rise again in this hesitation.

Using a 10 week chart to determine whether a channel is rising or falling

Stocks with a downward trend in their 10 week moving average should not be bought.

Stocks with an upward trend on their 10 week moving average can intervene near the 10 week moving average. Stocks with an upward trend in their 10 week moving average indicate that the market maker wants to invest in them.

Specific operational skills for weekly K-line stock selection

Stock selection: Select stocks with an upward trend in their 10 week moving average. Resolutely avoid stocks with a downward trend in the 10 week moving average;

Strong stocks: when the weekly bullish trend is upward (weak stocks: negative trend is downward) and the opening of the weekly trend is not large;

Stock retracement near the 5-week moving average.

Intervention point 2: The 10 week moving average trend is upward, and the stock price has returned to near the 10 week moving average.

The stock market is an open capital game market, a place where the strong prey on the weak, and wise people can freely take and plunder from it; The weak are like living at the bottom of the food chain, never able to escape the situation of being slaughtered by others. Stock trading is like fighting a war, obtaining a good set of skills is like obtaining a sharp weapon. Good technology can surpass human brain analysis, and sophisticated analytical methods can give you the invisible code of the stock market. Below, the author will analyze how to use K-line patterns to determine the main force's suction action!