PSY mental line
Some technical indicators(BB, RSI, KDJ, PSY)They all seem to have a common formula. I'll use the easiest way to understand it. When the moving average reaches these technical indicatorsHigher parts are overbought (sell signal)undThe bottom is oversold (buy signal)。
When a technical indicator shows a buy or sell signal, we may not be very sure of its current trend (some technical indicators may be slow, such as MACD). At this point, we can observe several different technical indicators to determine the current trend. When several different technical indicators point in the same direction, we can compare and determine the current trend of stocks.
Haven't you learned any other technical indicators?
You can refer to the following link:
👉 Useful investment knowledge
https://www.moomoo.com/hans/community/feed/108159904251910?lang_code=0
Do you understand that?
Let's do an exercise, please study hard, and I'll ask questions later.![]()
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I chose the most popular stocks this time $Tesla(TSLA.US$
Below are two chartsred circleWhat can you discover?
1. MACD enters a dead cross and trading volume falls
2. BB's stock price exceeds the high Bollinger line
3. KDJ over 80
4. RSI over 70
5. PSY over 80
These are all downside signals. When several technical indicators show downward signals at the same time, you can find that the stock price starts to fall after these signals appear.
The chart belowgreen circleWhat can you discover?
1. The MACD crossed below the zero axis for a period of time, and trading volume began to rise, but we can't find any signals just by looking at this technical indicator.
2. BB's stock price is close to the bottom of the Bollinger line
3. KDJ is close to 20
4. RSI close to 30
5. PSY is close to 30
Several technical indicators are showing signs of rising at the same time. At this point, you can find that the stock price is starting to rise.
When a technical indicator shows a buy or sell signal, we may not be very sure of its current trend (some technical indicators may be slow, such as MACD). At this point, we can observe several different technical indicators to determine the current trend. When several different technical indicators point in the same direction, we can compare and determine the current trend of stocks.
Haven't you learned any other technical indicators?
You can refer to the following link:
👉 Useful investment knowledge
https://www.moomoo.com/hans/community/feed/108159904251910?lang_code=0
Do you understand that?
Let's do an exercise, please study hard, and I'll ask questions later.
I chose the most popular stocks this time $Tesla(TSLA.US$
Below are two chartsred circleWhat can you discover?
1. MACD enters a dead cross and trading volume falls
2. BB's stock price exceeds the high Bollinger line
3. KDJ over 80
4. RSI over 70
5. PSY over 80
These are all downside signals. When several technical indicators show downward signals at the same time, you can find that the stock price starts to fall after these signals appear.
The chart belowgreen circleWhat can you discover?
1. The MACD crossed below the zero axis for a period of time, and trading volume began to rise, but we can't find any signals just by looking at this technical indicator.
2. BB's stock price is close to the bottom of the Bollinger line
3. KDJ is close to 20
4. RSI close to 30
5. PSY is close to 30
Several technical indicators are showing signs of rising at the same time. At this point, you can find that the stock price is starting to rise.
Have you learned it? Learn these seemingly basic and simple methods first (there are more complicated ones, such as the divergence between technical indicators and stock prices, which may require a lot of practice).
Okay, now let me ask.
What can you find out by going through the April section at the end of the chart above (behind the green circle)? (The answer is in the comments section)
Update: I found out that everyone didn't read the article carefully![]()
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Please find in this article”Helpful investment knowledge”, click on the link, and find the content in the link”Technical indicators”, which contains an explanation of various technical indicators.
What can you find out by going through the April section at the end of the chart above (behind the green circle)?
ANSWER:Decline signal。 The following few explanations explain that after the stock price rises, it is in the overbought region, and there is a high possibility that it will fall.
1. You can see that the stock price has reached the top of the BB Bollinger line.
2. The RSI indicator exceeds 70
3. The KDJ index exceeds 80
4. PSY Index 80+
In the chart below, you can see that the stock price began to fall after it showed these signs of decline.
Please find in this article”Helpful investment knowledge”, click on the link, and find the content in the link”Technical indicators”, which contains an explanation of various technical indicators.
What can you find out by going through the April section at the end of the chart above (behind the green circle)?
ANSWER:Decline signal。 The following few explanations explain that after the stock price rises, it is in the overbought region, and there is a high possibility that it will fall.
1. You can see that the stock price has reached the top of the BB Bollinger line.
2. The RSI indicator exceeds 70
3. The KDJ index exceeds 80
4. PSY Index 80+
In the chart below, you can see that the stock price began to fall after it showed these signs of decline.
You can pay attention to my paper trading portfolio, and I will slowly apply the knowledge I've learned here.
$放长线钓大鱼(PFL2017082)$
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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steady Pom pipiOP : Yeah, it's a down signal.
1.BB share price has come above the Bollinger channel.
2.MACD may be slow to move, but you can see that trading volumes are starting to fall.
3. RSI, KDJ, and PSY have all come to a high level.
Evelynne : please don't go 700$
steady Pom pipiOP : Haha, 62% of the people got the wrong answer and wanted to spank.
Come on, review a lot!
Useful investment knowledge
https://www.moomoo.com/hans/community/feed/108159904251910?lang_code=0
Milk The Cow :
whqqq : thanks for your sharing