I want to review the asset $Elvis, and also remind myself not to miss the opportunity next time.
When the market is bad, many assets undergo particularly severe washing. This asset directly retraced by 95%, which is exaggerated, but not too outrageous. Its main upward wave was pulled up along the MA20, and the trend is quite regular.
There are a few points worth noting about this asset:
1. The downward process was too smooth, feeling like it was intentionally washing people;
2. There was unusual trading volume at the bottom, clearly someone was accumulating shares;
3. Buy orders in the front row have been hanging consistently without much interruption.
I was washed out this time, which is quite frustrating. Next time I encounter such an asset, I need to stay steady and not be easily shaken out.