When investors engage in trading, the outcome of prices can either rise or fall, with the probability being 50% (Just like the rise and fall of prices, it is either up or down.) Prices fluctuate up and down, at that moment, traders may rejoice at the profit numbers or be dismayed at the outcome of losses. After a while, the situation may flip into another form....
The presence of the upper shadow means that during that period, the stock price had reached a higher price than the closing price, but ultimately failed to maintain that high point and fell below the closing price. Therefore, the upper shadow is often interpreted as selling pressure in stock trading, indicating that investors have sold the stock at a high price...
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