This reveals the essential relationship between MACD and EMA, the core of which is "12 EMA", "26 EMA" and "60 EMA", and 12 EMA is the dividing line between long and short forces. The 26-day moving average is the turning point of the market from prosperity to decline and from weakness to strength. For individual stocks, it is the standard to judge whether there are large funds entering the market or shipping and its trend strength, and it is the support line; The 60-day moving average is the watershed of the mid-line bull and bear, and the 26-day moving average and the 60-day moving average are the lifeline of the stock price.