Stock Of The Day: Is Southern Company About To Head North?
Stock Of The Day: Is Southern Company About To Head North?
In the stock market, price levels that were once resistance can turn into support levels. It is a common occurrence. There is a reason for this. It isn't "random," it is because of Some analysts think the market can't be timed. They think that it follows a "random walk." These analysts are wrong.
一些分析師認爲，市場無法預測。他們認爲市場遵循"隨機漫步"。這些分析師是錯誤的。
Successful traders can identify important price levels. They know when a stock reaches one of them, there is a good chance the trend reverses. That's how they time the market and profit. An example of this can be seen on the chart of Southern Co (NYSE:SO). This is why it is our Stock of the Day.
成功的交易員可以識別重要的價格水平。他們知道當股票達到其中之一時，趨勢很可能會反轉。這就是他們預測市場和獲利的方式。南方能源（紐交所:SO）的圖表就展示了這種情況，這也是爲什麼它成爲我們的今日股票。
The $88.50 level has been important for Southern Company since early August. It was resistance then and now it's a support level.
從今年8月初以來，88.50美元的水平對於Southern Co.至關重要。那時它是阻力位，現在它是支撐位。
In the stock market, price levels that were once resistance can turn into support levels. It is a common occurrence. There is a reason for this. It isn't "random," it is because of market psychology.
在股市中，曾經是阻力的價格水平可能會變爲支撐位。這是一個常見現象。其中有一個原因。這並不是"隨機"，而是由市場心理所致。
There are traders and investors who thought selling their shares was a good idea when the price traded lower. But some of them thought they made a mistake when the stock broke the resistance and moved higher.
有一些交易員和投資者認爲，在價格走低時賣出股票是一個好主意。但當股票突破阻力位並上漲時，一些人認爲他們犯了錯誤。
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Many of these remorseful sellers decide to buy their shares back, if they could get them for the same price they sold them at. As a result, when Southern Company reversed and got back to the level that had been resistance, they placed buy orders.
許多後悔出售者決定回購股票，如果他們能以相同的價格買回。因此，當Southern Co.迴轉並回到曾經的阻力水平時，他們提交了買入訂單。
If there are enough of these buy orders, the level that was resistance can convert into a support level. As you can see on the chart, this was the case with the $88.50 level for Southern Company.
如果有足夠多的買入訂單，曾經的阻力水平就可以轉爲支撐位。正如你在圖表中所看到的，這在Southern Co.的88.50美元水平上是一個案例。
Successful traders know that markets are not random. Market moves are the result of investor and trader psychology. This psychology results in some price levels having more importance than others.
成功的交易者知道市場不是隨機的。市場的波動是投資者和交易者心理的結果。這種心理導致某些價格水平比其他價格更重要。
When a stock reaches one of them, savvy traders know there's a good chance the trend reverses. They also know there will be chances for low-risk trading opportunities.
當股票達到其中之一時，精明的交易者知道趨勢有很大可能發生逆轉。他們也知道會有低風險交易機會。
Photo: Joshua Choate from Pixabay
照片：來自Pixabay的Joshua Choate
