Stock Of The Day: Regretful Sellers Rebuy Their Wells Fargo Shares
Stock Of The Day: Regretful Sellers Rebuy Their Wells Fargo Shares
When markets are climbing, many traders who sold early often regret their decision. They watch as the stocks they sold continue to rise, missing out on further gains.
当市场上涨时，很多早先出售股票的交易员常常对他们的决定后悔。他们看着自己出售的股票继续上涨，错过了进一步的收益。
This seller's remorse, a common phenomenon in bull markets, is often visible on stock charts, as traders rush to buy back shares they sold too soon. That's why Wells Fargo & Company (NYSE:WFC) is our Stock of the Day. It is an excellent example of this price action
这种卖方后悔，在牛市中是一个常见现象，常常在股票图表上可见，交易员们急于买回他们过早出售的股票。这就是为什么富国银行（NYSE:WFC）是我们的股票之选。它是这种价格行动的一个很好的例子。
As you can see on the chart, the $46.80 level was resistance in July 2023. After hitting this resistance, the stock reversed and went lower.
正如您在图表上可以看到的，46.80美元的水平是2023年7月的阻力位。在触及这个阻力位之后，股票反转并下跌。
But in December 2023 the resistance was broken and the shares moved higher. When this occurred, some of the traders and investors who sold while the stock was at resistance came to regret their decisions to do so.
但是在2023年12月，这个阻力被突破，股票上涨。当这种情况发生时，一些在股票达到阻力位时出售的交易员和投资者开始后悔他们的决定。
Some remorseful sellers decided to buy their shares back at the same price they had sold them, hoping to undo the mistake they felt they made by selling too early.
一些后悔出售的卖方决定以相同的价格买回他们的股票，希望能够纠正他们觉得自己过早出售的错误。
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As a result, after Wells Fargo sold off and returned to the $46.80 level, these remorseful sellers placed buy orders. There were so many of them that it created support at the same price level that had previously been resistance.
因此，在富国银行退货并回到46.80美元水平后，这些后悔的卖方下了买单。他们的人数如此之多，以至于在之前是阻力位的同一价格水平上形成了支撑位。
The next important resistance was the $51.20 level. The shares stalled out here in early February. Then in late February, this resistance was broken and the stock took off.
下一个重要的支撑位是51.20美元的水平。股票在二月初在这个位置上停滞不前。然后在二月底，这个阻力被突破，股票开始上涨。
When this happened a number of those who sold while the shares were at resistance came to think they made a mistake. So, they decide that they will buy their shares back if they can eventually do so at the same price they were sold for.
当这种情况发生时，那些在阻力位出售股票的人开始觉得自己犯了个错误。因此，他们决定如果有可能以相同的价格买回他们的股票。
When the price eventually dropped back to this level in August, they placed buy orders. And there were so many of these orders that it created support at the same price that had been resistance.
当价格在八月份最终回落到这一水平时，他们下了买单。而且有很多这样的订单，这就形成了曾经的阻力位上的支撑位。
Price levels that were resistance can convert into support. This is a common occurrence in the financial markets. It happens because of sellers' remorse, and the chart of Wells Fargo is a good example of it.
曾经的阻力位可以转化为支撑位。这在金融市场上是一个常见的现象。这是因为卖方后悔情绪，富国银行的图表是一个很好的例子。
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Photo: Shutterstock
Photo: shutterstock