Under normal circumstances, the first 30 minutes after openi...
Under normal circumstances, the first 30 minutes after opening is the most active period of one-day trading, reflecting the value judgment of ordinary retail investors. Retail investors usually choose to close or open positions when they have just opened, so often the opening price is usually close to the daily high or low, and then the price gradually becomes rational. Institutions generally choose to operate when the market is about to close to avoid holding positions overnight.
The K-line chart, on the other hand, is composed of columns formed after daily trading, and then various graphs, trends, etc. are formed. Let's discuss pressure levels and support levels together.
The concept of support and pressure
Resistance (resistance): When the selling market strongly stops the upward trend and the stock price in the market reaches a certain level, it seems to create a resistance line that puts pressure on the stock price and affects the continued rise of the stock price. We call it a pressure line or pressure level.
Support (support): When buying strongly blocks the downward trend, and when the stock price in the market reaches a certain level, there seems to be a resistance line that supports the stock price and affects the continued decline in the stock price. We call it a support line or support level.
Resistance (resistance): When the selling market strongly stops the upward trend and the stock price in the market reaches a certain level, it seems to create a resistance line that puts pressure on the stock price and affects the continued rise of the stock price. We call it a pressure line or pressure level.
Support (support): When buying strongly blocks the downward trend, and when the stock price in the market reaches a certain level, there seems to be a resistance line that supports the stock price and affects the continued decline in the stock price. We call it a support line or support level.
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