如何判断压力位和支撑位（How to judge pressure level and support level）

很多时候我们会说，“如果支撑位守住，不跌破，就是一个很好的进场点！如果股价上涨到压力位，没有突破就分批卖出！” 那么什么是支撑和压力呢？ 如何利用它来确定买卖点？（Many times we will say, "If the support level holds and does not fall below, it is a good entry point! If the stock price rises to the pressure level, sell in batches if there is no breakthrough!" So what are support and pressure? How to use this to determine buying and selling points?）

首先我们要知道支撑和压力是什么？（First we need to know what support and pressure are?）

股价在一段期间内，没有明显地向上或向下，而在某个价格区间内来回震荡，我们称「盘整」。在盘整时观察股价，会发现常有一股力量硬是不让价格往下跌，就像有人用手把股价向上撑住，就是支撑；或是有另一股力量硬是把价格往下压，就是压力。使用支撑与压力来当作参考依据，我们可以对未来的股价走势做出合理有依据的买卖点决策！

（When the stock price does not move significantly upward or downward during a period of time, but fluctuates back and forth within a certain price range, we call it "consolidation." When observing the stock price during consolidation, you will find that there is often a force that prevents the price from falling, just like someone holding the stock price up with their hands, which is support; or there is another force that forcefully pushes the price down, which is pressure. Using support and pressure as a reference, we can make reasonable and well-founded buying and selling point decisions about future stock price trends!）

支撑与压力线怎么找？（How to find support and pressure lines?）

在 K 线图上，将「至少 2 波的最低点」相连，并向 K 线图右方延伸一条线，就是 「支撑线」。（On the K-line chart, connect the "lowest points of at least 2 waves" and extend a line to the right of the K-line chart, which is the "support line".）

在K线图上，将「至少 2 波的最高点」相连，并向 K 线图右方延伸一条线，就是 「压力线」。（Connect the "highest points of at least 2 waves" and extend a line to the right of the K-line chart, which is the "pressure line".）

当我们了解了压力位和支撑位的定义之后，我们就要学会如何利用压力和支撑去寻找交易信号（After understanding the definitions of pressure and support levels, we must learn how to use pressure and support levels to find trading signals）

支撑：买方力量强，使股价上升（Support: strong buyer power makes the stock price rise）

当股价在谷底或折返低点时，会有支撑力，表示有买方一直加码买进支撑住股价，此时，股价就不容易下跌。如果股价有支撑力量，投资人可准备进场操作。股价涨破支撑线时，买进股票或作多。未跌破支撑线时，都可以继续持股。

以TECHM在2018年7 月至2019 年7月为例，这段期间的股价都没有跌破这条颈线，出现3 段涨幅，从图中你会发现，有2 段时间明显出现盘整，股价谷底或折返低点有支撑力道，使股价继续上涨。在未跌破支撑前，可继续持股。若股价跌破支撑后，准备卖出股票。

（When the stock price is at the bottom or returns to a low point, there will be support, which means that buyers have been increasing their purchases to support the stock price. At this time, the stock price will not easily fall. If the stock price has support, investors can prepare to enter the market. When the stock price rises above the support line, buy the stock or go long. You can continue to hold shares until it falls below the support line.

Take TECHM from July 2018 to July 2019 as an example. During this period, the stock price did not fall below this neckline, and there were three periods of increase. From the picture, you will find that there were two periods of obvious consolidation, and the stock price Troughs or retracement lows provide support, allowing stock prices to continue rising. You can continue to hold shares before falling below support. If the stock price falls below support, be prepared to sell the stock.）

压力：卖方力量强，使股价下跌（Pressure: Sellers are strong, causing the stock price to fall）

当抛售压力强大到足以抵抗购买力并导致价格涨幅回落时，就称为压力。 通常发生在前期价格上涨的高点。 如果股价突破压力，股价就会上涨，你就准备进场买入股票。 如果不能突破压力，股价就会下跌。 当股价持续下跌时，投资者看到股价反弹至压力线时就会卖出或做空所持有的股票。

以RBLBANK为例，2023年1月至2023年8月，股价多次遭遇压力线，但最终未能突破。 因此股价持续下跌，直至2023年5月30日突破压力线，股价不断上涨（When selling pressure is strong enough to resist buying power and cause price gains to fall back, it is called pressure. Usually occurs at the high point of the previous price increase. If the stock price breaks through the pressure, the stock price will rise and you will be ready to enter the market and buy the stock. If the pressure cannot be broken, the stock price will fall. When the stock price continues to fall, investors will sell or short the stocks they hold when they see the stock price rebound to the pressure line.

Taking RBLBANK as an example, from January 2023 to August 2023, the stock price encountered the pressure line many times, but ultimately failed to break through. Therefore, the stock price continued to fall until it broke through the pressure line on May 30, 2023, and the stock price continued to rise.）

压力线虽然代表上面有很强的卖压，但是当股价突破压力线之后，代表该标的已经有一定的动能，很有可能直接往上冲，创造一波上升的行情。后面也会介绍该怎么分辨股价是真突破还是假突破。

（Although the pressure line represents strong selling pressure, when the stock price breaks through the pressure line, it means that the underlying stock has a certain amount of momentum and is very likely to rise directly, creating an upward trend. Later, we will also introduce how to distinguish whether the stock price is a true breakthrough or a false breakthrough.）

支撑位和压力位之间角色互换（Role reversal between support and pressure levels）

为了简化说明，我们将支撑和压力分开讨论，但观察股价的投资者必须将支撑和压力结合起来看，因为在同一价格区域内，不存在绝对的支撑或绝对的压力。 在现有支撑线下，当价格突破支撑后，就会转为压力，成为下一波股价反弹的压力线。

以ADANIENSOL为例，图中可以清楚地看到每个盘整区间都有支撑和压力。 当股价突破压力时，压力转化为支撑。 但当第二期压力突破时，股价跌破支撑位约一周，然后再次上涨。 这种现象被称为“假突破”。

（To simplify the explanation, we discuss support and pressure separately, but investors who observe stock prices must look at support and pressure together, because there is no absolute support or absolute pressure in the same price area. Under the existing support line, when the price breaks through the support, it will turn into pressure and become the pressure line for the next wave of stock price rebound.

Taking ADANIENSOL as an example, you can clearly see in the figure that there are supports and pressures in each consolidation range. When the stock price breaks through the pressure, the pressure turns into support. But when the second period pressure broke through, the stock price fell below the support level for about a week before rising again. This phenomenon is called a "false breakout."）

股价是真突破还是假突破？（Is the stock price a true breakthrough or a false breakthrough?）

如果收盘价突破，则视为真正突破

（If the closing price breaks through, it is considered a true breakthrough）

有些股票在盘中会突破或跌破趋势线（支撑线或压力线），但往往在收盘时又回到原来的趋势线。 因此，最好以“收盘价”为标准，避免判断失误。

（Some stocks will break through or fall below the trend line (support line or pressure line) during the session, but often return to the original trend line at the close. Therefore, it is best to use the "closing price" as the standard to avoid errors in judgment.）

当股价超过压力线3%时，才算真正突破。

（When the stock price exceeds the pressure line by 3%, it is considered a real breakthrough.）

为了避免股价在短时间内波动过大，导致假突破，可以以收盘价和3%为标准（收盘价至少要超过3%），这样可以有效避免误判 盘中股价波动。

（In order to prevent the stock price from fluctuating too much in a short period of time, leading to false breakthroughs, the closing price and 3% can be used as the standard (the closing price must exceed 3% at least), which can effectively avoid misjudgment of intraday stock price fluctuations.）

突破后成交量将会增加（Volume will increase after the breakout）

当股价突破或跌破趋势线时，成交量往往会增加，这意味着市场认同股价波动的方向，最好是5日平均成交量的30%以上。 如果成交量不增反减，说明市场对股价波动的方向没有信心，所以还是要注意是否是假突破！

（When the stock price breaks or falls below the trend line, trading volume tends to increase, which means that the market agrees with the direction of the stock price fluctuation, preferably more than 30% of the 5-day average trading volume. If the trading volume does not increase but decreases, it means that the market has no confidence in the direction of the stock price fluctuation, so you still have to pay attention to whether it is a false breakthrough!）

突破后多观察（Observe more after breakthrough）

为了保险起见，我们还是需要仔细观察突破后的股价走势，看突破后是否朝着预期的方向发展。 如果是这样，我们就可以放心入市，甚至加码了！

（To be on the safe side, we still need to carefully observe the stock price trend after the breakthrough to see whether it develops in the expected direction after the breakthrough. If this is the case, we can enter the market with confidence and even increase our bets!）

最后提醒大家，支撑和压力是判断股价反转的概念，而且是相对的概念。 因此，在投资时一定要结合其他原理和图形，才能在投资时做出正确的判断。 然后我们就可以充满信心地进入市场，甚至增加我们的购买头寸！

（Finally, I would like to remind everyone that support and pressure are concepts for judging stock price reversal, and they are relative concepts. Therefore, you must combine other principles and graphics when investing to make correct judgments when investing. We can then enter the market with confidence and even increase our buying positions!）

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