Although the specific forms of "dark horses" vary greatly, they still have some commonalities. They are the imprints left by the main warehouse building activities, and mainly have the following four technical characteristics:

1、 From the candlestick chart, it can be seen that when the stock price oscillates at a low level, some special patterns often appear with a frequency exceeding the random probability.

Typical examples include small bullish and bearish candlesticks with long upper and lower shadows, and the daily trading volume is mainly concentrated in the upper shadow area, while there are large empty spaces in the lower shadow area. Many upper shadows come from significant empty pressure near the closing; After jumping short and opening high, it took advantage of the situation and closed with a large bearish candlestick. At the same time, the trading volume significantly increased, but there was no further increase in volume afterwards. Instead, it quickly shrunk, and the stock price fell back into a seemingly disorderly state of movement; After a small gap and opening low, it took advantage of the situation and pushed up. In the end, it closed with a bald bullish candlestick, even showing a significant increase in trading volume. However, the next day, it was hit down by a very small trading volume. If these forms appear frequently, they are likely to be traces left by the main force's suppression of fundraising. Taking Shantui Stock (0680) as an example, the above chart frequently appeared in the stock's position building actions from the end of December 1999 to early April 2000. 2、 From the perspective of candlestick combinations, there is often a phenomenon of "stagflation" where the trading volume significantly increases during an uptrend but the increase is not high, but the trading volume shrinks rapidly during the subsequent downtrend.

Sometimes, after a small increase, the trading volume does not rise or fall. Although the trading volume is not as large as when it rose, it remains at a relatively active level and begins to shrink after one to two months. Due to the ratio of the main force's inflow to outflow, over time, the chips in hand will continue to increase. Although the current main players are no longer able to manipulate the market, there is still more than enough room to regulate the trend of individual stocks. They often use various means to change the direction of stock prices at the close, causing some technical indicators to reverse and confuse ordinary investors. In this sense, although the closing price is important when analyzing the trend of individual stocks, the overall trend during the trading session cannot be ignored, especially in the stage of building positions and the end of the upward trend.

3、 The moving average system has gradually shifted from being chaotic and tangled to having clear and orderly patterns.

Technically speaking, this is the biggest difference between dark horses and failed cases, with reasonable connotations and inevitability in the era of stock market manipulation. The underlying mechanism is that during the establishment stage, due to the dispersion of chips and the wide distribution of holding costs in the early stage, coupled with the deliberate suppression of the main force, the regularity of stock price fluctuations is poor, reflected in the moving average system, which is the continuous cross fluctuation of short, medium, and long-term moving averages. As the main force's holding of funds settles, the floating funds in the market decrease accordingly. When the main force's holding of funds reaches a certain level, it often reduces the fluctuation range of the stock price to level the average cost of the market and reduce the opportunities for other investors to make short positions. At this point, the disorderly vibration amplitude of the short-term moving average system will correspondingly decrease, the steep slope will gradually decrease, and the distance between moving averages will gradually shrink or even completely close. When starting the trial and upward trend, due to the fact that the main force has a greater say in the stock price trend, although the daily intraday fluctuations continue, the trend has already formed, and the moving average system reflecting the trend will naturally be staggered. The fluctuation of the moving average actually reflects the stage of the main force's true thinking. If the main force does not have sufficient control over the market or only wants short-term speculation, they will not seek absolute control over the market. The result of a large number of floating funds chasing after the rise and killing the fall will cause disorder in stock price fluctuations, which will continue to entangle the moving average system. This kind of upward trend is difficult to breed a "dark horse", and the risk of investors intervening in the middle line is also very high. That's why there is a saying in the stock market that 'the moving average system of bull stocks is inevitably beautiful'.

4、 In the stage of building positions, the main force and individual investors are actually at opposite ends of the game. The main force always tries to create various illusions, forcing individual investors to sell their cheap chips at a low price.

Because of this, at the top of the bottom region, the main force often releases various negative news or creates a bearish structure in form, intending to cause psychological panic in the market and actively promote a decline in stock prices. This kind of decline is difficult to distinguish from the top formed by the failure of the "dark horse" form on the surface, but the depth of the decline often reveals the true intention of the main force. Generally speaking, if the main force firmly holds onto the funds during the decline and continues to buy at low prices, unless certain special circumstances arise, the stock price is generally difficult to fall back below the previous intensive trading zone and maintain it for a long time. This is because the main force's warehousing costs are around here, and they certainly will not tolerate others buying at a lower price than them. The shipping form does not have such concerns. On the other hand, during the incubation stage of the "dark horse", this kind of oscillation often occurs multiple times, but as the main force's holdings continue to increase, the amplitude tends to gradually narrow. During this period, if the market experiences a sharp decline, it is a great opportunity to test the quality of the "dark horse". In this case, stocks with small amplitudes have stronger control over the market by the main force, and breaking through and attacking in the future will only be a matter of time