month line
Zhongman Petroleum's early trend was obviously weak. The rebound in the early 4 months of 2019 broke through the downward October line, but Zhongman Petroleum still fell in the original direction, and the decline rate slowed down significantly. In February 2021, a phased low point was formed. At the low level, a 6-month low level, shrinkage volume, fluctuated, stock price began to rebound, and was strong for three consecutive months, and the positive line with long upper shadow line formed in the next two months. The stock price pulls back to at the upward May line, and the stock formed a fluctuation of the upward May line support. During the rebound, the trading volume significantly increased. The 5 October line formed a significant upward pattern. Finally, under the support of the upward October line, the stock price rose strongly for 2 months again. The second month was blocked and pulled back at the high point of the 2019 rebound with a 3-month oscillation on the upward May line support. After the stock price rebounded, a positive line with a long upper shadow line formed under the support of the October line, the stock price fell back again in December. It is currently closed at the position of the October line. If the October line breaks, pay attention to the support of the 60 month line below.
weekly line
The stock's initial rebound was a K-line trend that was rapidly rising, and was blocked at the position of the oscillation and fallback platform. The stock price fell at the position of the 20-30 weekly line to form support. The stock price slowly rose along the upward 20-week line, and was blocked at the position of the previous rebound high. The stock price fell, and was supported at the position of the 30-week line. The stock price of China National Petroleum Corporation formed a horizontal oscillation small platform at the position of the 20-30 weekly line. The stock price surged strongly again, forming the second wave of rebound trend of the stock, ending the rise with the long upper shadow line . The stock price correction stopped falling at the 20-week line, and rebounded again at the previous high point and was blocked and fell back. The stock price fluctuated and fell back due to the downward 10-week line. Currently, the stock price broke through the 20-30-week line and closed at the previous low point. This position has support. If effective support can be formed, the stock price is expected to rebound near the previous high point, but the stock price fell. Pay attention to the support of the platform below and the 60-week line.
Daily Line
05 limit up opened the second wave of rebound. After two consecutive daily limits broke through the previous rebound high point, the stock price stagnated and formed a horizontal fluctuation of 7 trading days. The upward 5-day line supports the stock price, forming a strong surge after the daily limit. The next day, the opening of the daily limit and quickly fell . The stock price fell continuously at the 60-day line and the upper edge of the rising platform. After the K-line fluctuates along the 60-day line, it begins to stagnate when it rises slightly, forming a volatile platform at the second high level, and eventually evolves into a decline. After breaking the 60-week line, a pullback trend appeared, and it was blocked at the 20-30-day line and fell back again. After the stock price broke the half-year line, it formed a positive-packed negative K-line, and rebounded strongly again. It rebounded to the upper platform, but ended in failure, and fell back to the lower edge of the half-year line. It is currently stopped at the previous low point and the volume fluctuates at the low level. If this position cannot stop falling and rebound, the stock price is expected to fall further.