Many investors in the market often focus on the daily candlestick chart when observing and analyzing the overall market and individual stocks, but they rarely look at and study the weekly and monthly charts. However, if investors can proficiently use weekly charts to view and select stocks, it will make their minds clearer and calmer, while also reducing operational errors.

Here are some tips for using weekly charts:

Tip 1: Learn to pay attention to whether the stock price has hit a historical low (When selecting stocks, after studying the fundamentals of a certain stock without any problems, you need to look at whether the stock price has hit a new low, because many stocks' turning points occur after hitting a historical low.)

Tip 2: Learn to pay attention to the cumulative increase in stock prices (caution should be exercised when investing in stocks with a cumulative increase of more than 50%)

Tip 3: Increase Volume at High Points (Note that the high point here does not refer to the highest point of the stock price, but to the price after the cumulative increase exceeds 40%. When there is an increase in volume after the cumulative increase of the stock price exceeds 40%, especially when the phenomenon of excess volume occurs, the position should be reduced or the observation should be exited. If the weekly turnover rate of the stock price at the historical high point does not exceed 20%, the risk is extremely high, and it should be fled as soon as possible.)

Tip 4: The 5-week moving average is an important indicator. If a stock increases volume at a high point and then falls below the 5-week moving average for two consecutive negative periods, the future trend will enter a sustained decline, and it should be firmly withdrawn. However, when a stock increases volume and crosses the 5-week moving average and remains stable for two weeks, the possibility of sustained rise is very high, and active intervention can be taken at this time

Tip 5: MACD Cross and Golden Cross (By observing the weekly chart, it can be found that the biggest characteristic of the trend of both the market and individual stocks is the continuity of their rise or fall after increasing volume. The appearance of MACD Cross and Golden Cross in the weekly chart is crucial for technical indicators. If the Golden Cross appears after hitting a new historical low and the K-line stabilizes at the 5-week moving average for two weeks, there is a high possibility of continuous rise thereafter.). Once the high point increases volume and forms a cross, it will lead to a sustained downward trend

Tip 6: Breaking through the moving average (The moving average in the weekly chart can be set at 5, 30, 60, or 90, which can make the characteristics of short positions in many stocks clear at a glance. The 5-week moving average is used to judge the turning point of the overall market or individual stocks. Once the stock price breaks through and stabilizes at the 60 week moving average, it will further strengthen. During the decline, whether it falls below the 60 week moving average is an important basis for determining whether to intervene.)