Stock Of The Day: Morgan Stanley — False Breakout Or New Uptrend?
Stock Of The Day: Morgan Stanley — False Breakout Or New Uptrend?
When stocks are moving higher, the markets are full of remorseful sellers. These investors and traders regret selling their stocks after the price eventually moves higher.
当股票上涨时，市场充满了后悔的卖家。这些投资者和交易者在价格最终上涨后后悔卖出股票。
This psychology can be seen in charts. It is a common dynamic in the financial markets. That's why our team of expert traders and technical analysts have picked Morgan Stanley (NYSE:MS) to be our Stock of the Day.
这种心理在图表中是可以看到的。这是金融市场中的一种普遍动态。这就是为什么我们的专业交易员和技术分析师选择摩根士丹利（纽交所：MS）作为我们的每日股票。
As you can see on the following chart, the $94.00 level was resistance for Morgan Stanley in January, March, and April. In May, the resistance broke and the shares moved higher.
正如您在下图中所见，94.00美元是摩根士丹利在1月、3月和4月的阻力位。5月份，阻力被突破，股价上涨。
But then the shares reversed and made it back down to $94.00 in June. At this point, the level that had previously been resistance converted into a support level. Then the price moved higher.
但是，股价在6月份回落并回到了94.00美元。此时，以前的阻力位转化为支撑位。然后价格上涨。
Levels that were resistance can convert into support because of seller's remorse. Many of the investors and traders who sold Morgan Stanley when it was at $94.00 came to regret their decision to do so.
由于卖家的后悔，曾经的阻力位可以转变为支撑位。许多当股票价格达到94.00美元时出售摩根士丹利股票的投资者和交易者后悔了他们的决定。
A number of them decided to buy their shares back at the price they were for sold at.
其中一些人决定按照当时的价格买回他们的股票。
So, when the shares got back down to $94.00 many of these remorseful sellers placed buy orders. And the large concentration of these orders created support at the level that had previously been resistance.
因此，当股票回到94.00美元时，许多这些后悔的卖家下了买单。这些订单的大量集中在以前的阻力位上创造了支撑。
Now traders will be focusing on the $102.00 level. It was resistance in May. Now the shares are trading above it.
现在交易者将集中关注102.00美元的水平。它在五月份是阻力位。现在这些股票正在上涨。
If the stock eventually reverses and gets back down to $102.00, it may become a support level. And if it does it should set the stage for a new move higher.
如果这支股票最终逆转并回落至102.00美元，它可能成为支撑位。如果真的这样，它应该为新的上涨奠定基础。
Stocks don't go up in straight lines. An uptrend is like a staircase of trading ranges. And what was the top of one range (resistance) becomes the bottom of the next range (support).
股票不能一路上涨。上涨趋势就像交易区间的楼梯。一个范围的顶部（阻力）成为下一个范围（支撑）的底部。
But if there isn't support around $102.00, traders will say the stock has made a 'false breakout'. This is important because false breakouts tend to proceed big moves lower.
但是，如果102.00美元左右没有支撑，交易员们会说这支股票经历了“假突破”。这很重要，因为假突破往往会导致大幅下跌。
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Image: Shutterstock
图片：shutterstock