Stock Of The Day: Chart Of Aaron's Holding Company Teaches Important Lessons
Stock Of The Day: Chart Of Aaron's Holding Company Teaches Important Lessons
There's an old saying on Wall Street - "Gaps refill." It's true, and it can be seen on the chart of Aaron's Holdings Company, Inc. (NYSE:AAN).
In this article, we will explain why it's true and why it happens.
在華爾街有一句老話——"缺口回補"。這是真的，在Aaron的控股公司，Inc. (NYSE:AAN) 的股價圖表上可以看到。
在本文中，我們將解釋爲什麼它是真的以及爲什麼會發生。
An important dynamic in the financial markets is price levels that had previously been support converting into resistance. This occurs due to buyer's remorse.
金融市場中的一個重要動態是先前曾經支撐的價格水平轉化爲阻力水平。這是由於買家的後悔導致的。
People buy, and then regret doing so if the price falls below the price they paid. Some decide to get out if the price rises back to their entry level, and they can sell at breakeven.
As a result, if the stock rallies back up to their buy price, they place sell orders at that level. If there are enough sell orders, it will cause resistance to form at the price that had been support.
人們購買，如果價格低於他們購買時的價格，就會後悔。如果價格再次上漲到他們的入場水平，一些人就會決定退出，他們可以保本賣出。
因此，如果股票再次上漲到他們的購買價格，他們將在該價格處放置賣單。如果有足夠的賣單，這將導致支撐位形成阻力位的價格形成。
This can be seen on the chart. The $11.80 level acted as support in August 2023. Then it was resistance in December 2023.
這可以在圖表上看到。$11.80的水平在2023年8月充當支撐。然後在12月充當了阻力。
Another important market dynamic is price levels that had been resistance turning into support. This can also be seen on the chart as $10.80 was resistance in September 2023, then it became support the following January.
This happens because of sellers' remorse. Some investors and traders regret selling if the price moves higher. A number of them vow to buy their shares back, but only if they can get them for the same price at which they were sold.
So, they place buy orders at a price that had been resistance. If there are enough of these buy orders it will turn the price that was resistance into support.
金融市場中另一個重要的動態是曾經是阻力的價格水平轉變爲支撐水平。這也可以從圖表中看出，$10.80在2023年9月起充當阻力，然後在第二年的1月轉變爲支撐。
這是因爲賣家的後悔。一些投資者和交易者後悔出售，如果價格上漲，他們中的一些人發誓要買回股票，但前提是他們以與出售時相同的價格買回。
因此，他們以先前曾經爲阻力的價格水平放置買單。如果有足夠的買單，它將會將曾經爲阻力的價格水平轉變爲支撐水平。
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A "gap" occurs when a stock closes at one price, and then opens the next day at a different one. There is no trading at the levels between these two prices. As a result, there are no traders or investors who bought or sold within this range. This means there won't be remorseful buyers or sellers trying to sell or buy their shares back.
當一隻股票以不同的價格收盤，然後第二天以不同的價格開盤時，就會出現"缺口"。在這兩個價格之間沒有交易。因此，在這個範圍內沒有購買或銷售股票的交易員或投資者。這意味着不會有後悔的買家或賣家試圖出售或回購他們的股票。
So, if a stock gaps through price levels going one way and then eventually reverses and gets back to those same levels going in the opposite direction, there's a tendency to move back through them rapidly because of the lack of buy or sell interest.
因此，如果股票在向一個方向的價格水平上出現缺口，然後最終反向並回到這些相同的水平，由於沒有買賣興趣，會很容易地回到這些水平。
This would cause the gap to "refill."
這將導致缺口的"回補"。
In April 2023 AAN gapped from $10.22 to $12.25. As you can see on the chart, this gap was filled the following August.
2023年4月，AAN股票的價格從10.22美元跳升到12.25美元。正如您在圖上所看到的，這個缺口在8月填補。
In October 2023, shares gapped down from $8.89 to $7.28. The stock reversed and refilled this gap in November.
2023年10月，股價從8.89美元一下子跌到7.28美元。隨後，該股反轉，於11月回補缺口。
There are a lot of sayings on Wall Street, "gaps refill" is one of them and it's true
華爾街上有很多諺語，"缺口回補"就是其中之一，而且是真的。
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Image created using artificial intelligence via Midjourney.
圖像由Midjourney通過人工智能創建。