Stock Of The Day: General Motors Chart Reveals Seller's Remorse
Stock Of The Day: General Motors Chart Reveals Seller's Remorse
Successful traders know that some price levels are more important than others. They are called support and resistance levels. This is important because stocks tend to reverse when they reach them, and this is when trading profits can be made.
成功的交易者知道，价格水平的某些级别比其他级别更重要。它们被称为支撑位和压力位。这很重要，因为股票在达到这些级别时往往会逆转，而这就是交易利润可以实现的时候。
These levels form because of investor and trader psychology. Seller's remorse is a common dynamic, and it can be seen on the chart of $General Motors (GM.US)$. Our team of technical analysts have made it our Stock of the Day.
这些级别是由投资者和交易员的心理因素形成的。卖方后悔是常见的动态，它可以在图表上看到。$通用汽车 (GM.US)$我们的技术分析团队将其作为我们今日股票。
As you can see on the chart, General Motors found support around the $42.50 level in mid-April. After this, the shares rallied.
正如你在图表上所看到的，通用汽车在4月中旬在42.50美元左右发现了支撑。此后，股价反弹。
Then in late May another selloff occurred and once again the shares found support at $42.50. This wasn't a surprise because previous support levels often provide a safety net due to seller's remorse.
然后在五月底又发生了一次抛售，股票再次在42.50美元附近找到了支撑。这并不奇怪，因为先前的支撑位通常由于卖家的后悔而提供安全保障。
In April, some investors sold their shares at the support level, only to see the price increase shortly afterward. These sellers, experiencing regret, often vow to repurchase their shares, but only at the price they initially sold them for.
四月份，一些投资者在支撑位卖出股票，结果很快就看到了价格上涨。这些卖家经历了后悔回购，并经常发誓以最初出售时的价格重新购买股票。
As a result, they place buy orders at the price that had previously been support. If there is a sufficient quantity of these orders it will form support at the level once again.
因此，他们以先前的支撑价格下达买单。如果有足够数量的这些订单，它将再次形成该价位的支撑位。
Seller's remorse can also turn a resistance level into a support level. This can also be seen in the chart above.
卖家的后悔也可以将压力位转化为支撑位。这在上图中也可以看到。
The $45.70 level was resistance throughout April and May. When the stock moved higher in June, a number of the people who sold while the shares were at resistance came to believe they made a mistake.
45.70美元的级别在四月和五月都是压力位。当股票在六月上涨时，很多在压力位出售股票的人开始认为他们犯了一个错误。
Many remorseful sellers decided to buy back their shares if they were able to get them at the same price they sold them for. As a result, when the shares fell back to what was previously the support level, these sellers placed buy orders, reinforcing the support at that price level.
许多后悔的卖家决定如果能以与卖出价格相同的价格购回股票。结果，当股票跌回之前的支撑水平时，这些卖家下了购买订单，加强了该价格水平的支撑。
In cases where there are enough of these buy orders, a level that had been resistance can convert into support. As you can see on the chart, this is what happened here.
如果有足够数量的这些买单，一个曾经是压力位的级别就可以转化为支撑位。正如你在图表上所看到的，这就是这里发生的事情。
To understand technical analysis, charts need to be viewed through the prism of investor and trader psychology. Most traders overthink and end up losing money.
要理解技术分析，必须通过投资者和交易员的心理来看待图表。大多数交易者过度思考，结果赔钱。
The best traders know which levels and trends are important. And they know how to profit from them.
最好的交易者知道哪些级别和趋势是重要的。他们知道如何从中获得利润。
The General Motors chart is an excellent illustration of the importance of particular price levels.
通用汽车的图表是特定价格水平的重要性的极好说明。