What are 1 and ENE?
ENE (Trajectory Line) is a moving average line that reflects different periods through the price changes of disk or stock. ENE (Trajectory Line) consists of the upper line of white line, the lower line of yellow line and the middle line of purple line. ENE (track line) can judge the trend of disk or stock price, and reflect the trend direction of sensitive disk or stock price more obviously and effectively.
2. Reference method
In the ENE (Trajectory Line) technical indicator chart, the stock price is within the trajectory line of ENE (Trajectory Line), which belongs to the normal fluctuation state market. If the stock price is on the rise, when the stock price rises above the white line, the short-term rise probability is greater. If the stock price falls below the upper line (white line), the short-term callback probability is greater. If the stock price touches the upper rail (white line), the stock price cannot be broken, and the short-term callback probability is high. The upper rail (white line) has strong pressure on technical graphics.
If the stock price is in a downward trend, when the stock price falls below the yellow line, the probability of short-term decline is greater. If the short-term stock price breaks through the downline (yellow line), the short-term rise probability is greater. If the stock price rebounds when it touches the downline (yellow line), it means that the short-term rebound probability of the stock price is high and the downline (yellow line) has strong technical support.
Generally speaking, ENE (Trajectory Line) technical index is one of the reference technical indexes for the directionality of path trend, which is mainly used to pay attention to the trend of disk or stock price. But investors should know that there is no perfect technical index in the market, and there will be some misleading information. We should refer to other indicators, market environment and individual stocks to improve the success rate of investment.