Can investors profit by utilizing technical trading strategies? Evidence from the Korean and Chinese stock markets

Financial Innovation

Table 6 Samples of continuously rising (falling) prices

	KOSPI 50	SSE 50
	No	No
Panel A: Continuously rising prices
Continuously rising price for 2 days	6715	6378
Continuously rising price for 3 days	2622	2500
Continuously rising price for 4 days	1064	1118
Panel B: Continuously falling prices
Continuously falling price for 2 days	6780	5988
Continuously falling price for 3 days	2641	2315
Continuously falling price for 4 days	1045	1034

Table 2 lists the numbers of continuously rising (falling) prices for 2, 3, and 4 days emitted for the constituent stocks of KOSPI 50 and SSE 50 over the data period 2016–2019