Retail · corporate action
The gap was the dividend, not a new setup
The name gapped and the little numbers on Tongdaxin looked drunk. I almost wrote “new 1.” It was the cash dividend hitting the chart I had forgotten to adjust.
Setup is nine closes versus four bars back. If one of those closes is a raw print and the next is a backward-adjusted print, you are not counting a market. You are counting an accounting choice.
What I check before I throw the stretch away
- Is the chart on 前复权, 后复权, or 不复权? I used to switch this without noticing, usually after opening a fund’s page.
- Did the venue publish the cash amount and the ex date, or am I looking at a forum screenshot from last night?
- Does the daily close still qualify against four bars back on the same adjustment mode?
Splits are louder. Dividends are sneaky because the candle still looks like “the same stock.” It is not the same series if you mixed modes.
I do not “fix” a 9 by eyeballing the gap and adding one. If the adjusted close fails the trigger, the stretch dies like any other failed ninth. Corporate actions are not a special pleading lane.
If two terminals disagree after an ex date, I assume adjustment first, conspiracy second. Tonghuashun and Tongdaxin have wasted whole evenings of mine on this.
A count, not an order. Questions: support@nineradar.com.