Review of NCTY decision-making scenarios

Original link: https://muyexi.im/nctyjue-ce-qing-jing-fu-pan/

On July 7, Bitcoin consolidated at its previous high.

BTCUSDT_2023-07-14_22-20-28_53ffa

Both MARA and MSTR have broken through the previous highs.

MARA_2023-07-14_22-24-58_b9917

I started to look for other targets in the blockchain concept sector to do more, and then I found NCTY (The Ninth City).

NCTY_2023-07-14_22-19-23_fc741

Weaker than similar stocks, a sideways trading at the bottom is a good sign, but the trend of falling back after a few surges in the past is not good, PASS. On Monday, July 10, the stock price soared 25%.

Now take a closer look.

The stock price’s rising point several times seems to be related to the improvement of the macro environment. The stock price is very sensitive to this, and each rise has a certain degree of continuity, not a one-day parade.

NCTY_2023-07-14_22-17-11_c2607

Compared with SPX, it can be found that every stock price rise is the bottom of the index.

NCTY_2023-07-14_22-17-11_c2607-1

think:

Comparing individual stocks with the index helps to understand price changes and understand “stock nature”. Therefore, for stocks with abnormal stock prices but incomprehensible stocks, you can try to put them together with the index for comparative analysis.

This article is transferred from: https://muyexi.im/nctyjue-ce-qing-jing-fu-pan/
This site is only for collection, and the copyright belongs to the original author.