legendary trader

Chapter 425 426 Bull trap

The Nasdaq index opened slightly higher today, and there was a callback trend, but it did not fall below the low point of the previous trading day, and the subsequent trend was to rise wave by wave and recover lost ground.

Generally speaking, it is very similar to Qualcomm's stock price trend chart, that is, Qualcomm was deliberately created an upward channel, and although the Nasdaq also gradually raised its low point, it did not form an obvious upward trend line. The trend is relatively Still relatively mild.

After several upswings, the Nasdaq has now moved above 2560 points, and the index has turned green. It seems that there is still a high probability of a continuous rise in late trading.

However, after staring at the market for a while, Chen Fan still found a problem. When it was below 9 yuan, there were still a lot of follow-up orders in the market. However, in the recent period, even after Qualcomm's stock price broke through 9 yuan, the follow-up orders decreased significantly. This situation had to make Chen Fan worry that there would be no followers to flood in when the market was launched for a while.

Although Chen Fan doesn't care about those funds, if a single fund appears to rise on the market, not only will it not trigger a frenzy in the market, but it will stimulate more sellers to enter the market at high positions.

Chen Fan didn't want to increase his position here, but hoped that new funds from the market would enter the market to take those profit-making orders, thereby raising the overall cost of holding shares in the market.

However, Chen Fan soon thought of it. Since he could see it, He Li and the others should also be able to think of it, so they didn't say it. They could only wait and see if there would be any changes when they saw it.

But if Chen Fan didn't ask, it doesn't mean that Zheng Xiaopang next to him didn't see it and wouldn't ask.

"Qualcomm's follow-up list is small, will it be isolated and helpless after a while?" Zheng Xiaopang said with a serious face.

"It was a bit hard yesterday, and there may be less follow-up in the early stages of the rise, but if it continues to rise, funds will enter the market to catch up. The financial market has never been short of risk-taking funds." He Li replied with a smile, "Unless the company Fundamentals are hopeless, but Qualcomm is a rising stock with good support and a promising future.”

Forty minutes before the close, the Nasdaq began to raise its head again, as if it was planning to make a last-ditch effort in today's session.

The index is rising slowly, climbing up bit by bit.

"Is it time to follow up?" Chen Fan said to He Li when he saw that the Nasdaq started to rise.

"En." He Li nodded slightly in agreement, and then whispered to the colleagues beside him, "Slightly push up."

The two traders began to place orders in a tacit understanding. The number of buy orders was not large, but it was steadily supporting the rise of Qualcomm's stock price bit by bit.

After several buy orders entered the market, Qualcomm's stock price broke away from the shock area of ​​9.06 yuan, and slowly rose to 9.10 yuan, where more than 30 shares were sold at the selling price.

There are still continuous small orders to buy in, but there are not many follow-up orders, and they enter the market sporadically and follow their steps to buy.

It is already today's intraday high, and Chen Fan's expectation of weak follow-up buying is also expected, but it is still too early to make a conclusion. You will know what the market sentiment is after a while when the stock price is pulled up. It looks like, is there any funds to follow suit and rush to raise money?

Continuous small buy orders keep buying stocks at the selling price, more than 30 shares, more than 20 shares, more than [-] shares
It took almost 1 minute, and the small buy order finally ate up the sell order at 9.10 yuan, and Qualcomm's stock price continued to hit a new intraday high today driven by the small buy order.

9.119.12
Penny by penny moves at night, and the trend line maintains an elevation angle of 30 degrees and continues to go up.

Chen Fan knew that this trend was only temporary. As the stock price rose, the speed of the rise would gradually accelerate, and it might climb 90 degrees in the end. How about boosting the sentiment of the market.

Soon, Qualcomm's stock price hit 9.2 million yuan, and He Li and his group's buying orders were also gradually enlarged, and the angle of rise increased significantly.

"There are still not many follow-up orders." Seeing that Qualcomm's stock price has risen, but the scattered buy orders in the market are still hesitant to follow up. Go to Chen Fan's side and whisper.

"Looking at the follow-up trend, when it reaches 9 yuan and 5 yuan, it will be considered a failure if it is still like this." Chen Fan responded in a low voice.

The sell order of 9.2 yuan was quickly swept away. After Qualcomm's stock price stood here, the small buy order continued to sweep up.

However, at this time, Chen Fan noticed that He Lixin's order was not a buy order, but a switch of account, and only used a sell order of 15 shares to directly place it on 9.2 yuan, buying the small amount accumulated here just now. Swallow it in one bite.

"Pour a big order here."

At the same time, He Li whispered to the colleagues beside him.

Immediately, a buy order for 12 shares entered the market, quickly swallowing up most of the selling orders listed on the 9.2m yuan.

But He Li didn't stop, and another 20 sell order was placed here, which turned the selling order into more than 20 shares.

The trader next to him didn't hesitate, and directly placed a buy order for 18 shares, swallowing most of the selling orders again.

The two quickly created trading volume here, which showed that long and short funds began to compete here in the market, and the battle was also extremely fierce. After a while, the selling orders were heavy on 9.2 yuan, and after a while, the buying orders came up. High and low, there was a big buy order that swept away the selling order of 9.23 yuan.

The fierce battle quickly attracted more people's attention, and the selling and buying orders began to increase. After struggling here for a few minutes, seeing that the market was gradually heated up, He Li said in a low voice: "It's almost a show." It's over, and if you continue, it will be superfluous."

Soon, He Li's selling orders began to decrease, and the speed of placing orders also slowed down. He just quickly placed large and small selling orders above 9.2 yuan. It seemed that the short sellers began to retreat, and the way of continuing to add orders at the top was lagging behind the bulls. offensive.

At this time, another trader kept entering big buy orders to sweep up the selling orders in the market, causing the stock price to chase He Li's selling orders and rush upwards. The buying orders entering the market began to increase significantly, and the trend was already slightly sideways. A 60-degree upturned graph appeared on the line, and Qualcomm's stock price began to soar rapidly.

9.3m yuan 9.4m yuan
As the stock price was pulled up rapidly, the market's follow-up market began to explode violently, and active buying orders for tens of thousands of shares continued to flash.

Seeing that the goal was achieved, Chen Fan breathed a sigh of relief in his heart. So far, Qualcomm's highest intraday price was 9.7 yuan, but he didn't know how high He Li and the others planned to go this time.

Without asking any questions, Chen Fan just quietly waited for the market to give an answer.

Because at this time, He Li was switching accounts quickly, constantly entering sell orders and buy orders, creating a strong resistance level of 9.5 yuan.
(End of this chapter)