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![Picture](https://sgsnsimg.moomoo.com/feed_image/102518435/0530d94d313f3a6a94a1a9e7725d82bd.jpg/thumb)
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How to use trend lines
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I think I can understand support levels and pressure levels this way
1. The previous low of the stock price was a support level.
2. When the stock price falls back after reaching a high point, we can treat the high stock price as a resistance level.
3. When the stock price breaks through the resistance level and reaches another high, then the previous resistance level becomes a support level, and the new high becomes a new resistance level.
4. When the stock price breaks through resistance, it means that the stock price continues to rise; conversely, when the stock price falls below the support level, it means that the stock price continues to fall very much.
Examples of exercises:
Here I used $Global X Nasdaq 100 Covered Call ETF (QYLD.US)$ Let's explain the weekly K-line:
It would be easier to understand if you read the chart and then the explanation![]()
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A-1 is the previous low, and we can use it as a support level. You can see that the stock price continued to rise even after falling below 1.
B- When the stock price continues to rise to a new high of 3 and then falls back, we can use 3 as a resistance level.
C- When the stock price reaches the resistance level, it falls back to 2 to retest the previous support level of 1.
D- When the stock price breaks through the resistance level, it means that the stock price continues to rise very strongly. With resistance levels 3 and 6, you can find that the stock price continues to rise after breaking through the resistance level.
E- When the stock price breaks through the resistance level and continues to rise to another high of 4, at which point the new high becomes a new resistance level...
👉
👉
I think I can understand support levels and pressure levels this way
1. The previous low of the stock price was a support level.
2. When the stock price falls back after reaching a high point, we can treat the high stock price as a resistance level.
3. When the stock price breaks through the resistance level and reaches another high, then the previous resistance level becomes a support level, and the new high becomes a new resistance level.
4. When the stock price breaks through resistance, it means that the stock price continues to rise; conversely, when the stock price falls below the support level, it means that the stock price continues to fall very much.
Examples of exercises:
Here I used $Global X Nasdaq 100 Covered Call ETF (QYLD.US)$ Let's explain the weekly K-line:
It would be easier to understand if you read the chart and then the explanation
A-1 is the previous low, and we can use it as a support level. You can see that the stock price continued to rise even after falling below 1.
B- When the stock price continues to rise to a new high of 3 and then falls back, we can use 3 as a resistance level.
C- When the stock price reaches the resistance level, it falls back to 2 to retest the previous support level of 1.
D- When the stock price breaks through the resistance level, it means that the stock price continues to rise very strongly. With resistance levels 3 and 6, you can find that the stock price continues to rise after breaking through the resistance level.
E- When the stock price breaks through the resistance level and continues to rise to another high of 4, at which point the new high becomes a new resistance level...
Translated
![Find support and resistance levels](https://sgsnsimg.moomoo.com/feed_image/101507832/d02918bcd80c3bd5836128b653a1099e.jpg/thumb)
![Find support and resistance levels](https://sgsnsimg.moomoo.com/feed_image/101507832/3ed27b4d2bcc3383bff1deba4841025b.jpg/thumb)
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This month is basically the same as last month. The market is in constant turmoil, so I will try my best to clear profitable stocks. Although the market rebounded at the end of the month, it may still take some time to clear losing stocks. I only bought $Global X Nasdaq 100 Covered Call ETF (QYLD.US)$ , every month it gives me dividends.
Transaction record
I created my paper trading portfolio this month and plan to invest according to this portfolio's trading strategy in the future.
$放长线钓大鱼$
Transaction record
I created my paper trading portfolio this month and plan to invest according to this portfolio's trading strategy in the future.
$放长线钓大鱼$
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Former President Donald Trump responded to the news that $Tesla (TSLA.US)$ CEO Elon Musk's planned $Twitter (Delisted) (TWTR.US)$ buyout is temporarily on hold.
"There is no way Elon Musk is going to buy Twitter at such a ridiculous price, especially since realizing it is a company largely based on BOTS or Spam Accounts," Trump posted on his social media platform, Truth Social.
"Fake anyone?" Trump posted, Mashable reports. "...
"There is no way Elon Musk is going to buy Twitter at such a ridiculous price, especially since realizing it is a company largely based on BOTS or Spam Accounts," Trump posted on his social media platform, Truth Social.
"Fake anyone?" Trump posted, Mashable reports. "...
![Trump says Musk won't buy Twitter. 'No way,' he posts to rival social media platform](https://ussnsimg.moomoo.com/1186172803361300754.png/thumb)
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$Direxion Daily Regional Banks Bull 3X Shares ETF (DPST.US)$ There are no comments on such a good ticket. Look at 53 or so
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$Global X Nasdaq 100 Covered Call ETF (QYLD.US)$
Does non-US residents get 30% tax on the monthly dividend? Will the 30% tax be return later?
Does non-US residents get 30% tax on the monthly dividend? Will the 30% tax be return later?
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$Futu Holdings Ltd (FUTU.US)$ hopefully 111 for tonight
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