It refers to three moving averages: a 5-day moving average, a 10 day moving average, and a 30 day moving average (which can also be a 20 day moving average). After moving from a high to a low, they rise and converge together.
Technical features:(1) It can appear in any area of the stock.
(2) The frequency of occurrence is relatively low, and it is rare to see it once a year or so;
(3) The 5-day and 10 day moving averages turn upwards and intersect with the 20 day or 30 day moving averages;
(4) After the "Three Armies Meeting", if there is cooperation in trading volume, the upward signal in the future market will be more clear.
This form can generally be divided into two situations:1. Low level meeting: When the stock price is at a low level or on the rise, there is a three line upward bond, which is a rare buying opportunity. Investors should remember that the moving average can only be optimistic about the future market when it meets at a low level.
2. High level meeting: When the 5-day line turns downward and crosses the 10 day moving average and the 10 day moving average against the 20 day moving average at the top and during the decline, it indicates that the bullish momentum is depleted, and the destructive power of the upper level selling pressure should not be underestimated, which is a strong selling signal.
Stock trading mnemonic:1. Psychological formula:
Stock trading is about mentality, greed and fear are harmful.
Be cautious when chasing gains and selling losses, and be calm and at ease.
2. Banker's formula:
You are in the light, but in the darkness, only looking at the surface will be counted.
Short positions and long positions are traps, just look at the name to distinguish the meaning.
3. Dish washing technique:
The huge new high is doubtful, but the confidence of the volume decline is over.
Shrink the volume and attack without anyone following, and set a new high to wash the dishes.
4. Trend formula:
Entering and exiting depends on the trend, and the quantity and price are intangible.
Everyone chased after me and woke up alone, my popularity was low and I was ready to pick it up.
