$ALPINE High-Level Chip Accumulation
A close observation reveals that Alpine has formed a substantial amount of chip accumulation in the relatively high price range recently.
This indicates that many investors have bought in at higher price levels, and these chips become potential short-selling pressure. Once the stock price shows signs of a pullback, investors trapped at high levels will not hesitate to sell their stocks to stop losses or reduce losses, creating strong selling pressure.
Moreover, high-level chip accumulation also means significant pressure above. For the stock price to break through this area and continue to rise, it requires a considerable amount of funds and market confidence. In the current market environment, this breakthrough is extremely difficult, and the risk of decline far exceeds the possibility of an increase.
