On Friday, the three major indexes collectively fell, led by the gem index, down more than 2%, below the 3300 point mark. The Shanghai index opened higher and went down, stopped falling in the afternoon and maintained a volatile trend. In terms of sectors, the overall decline was led by small metals, power equipment, automobiles and non-metallic materials. Only a few sectors such as traditional Chinese medicine, retail and food processing are red. This week, the market fell 14.31 points, or 0.39%.
As of the close, the Shanghai Composite Index closed at 3618.05 points, down 25.29 points, or 0.69%. The turnover was 476.3 billion. The Shenzhen Component Index closed at 14710.33 points, down 153.60 points, or 1.03%, with a turnover of 655.5 billion. The gem index closed at 3297.11 points, down 76.59 points, or 2.27%, with a turnover of 253.5 billion.
Future outlook of Bairui:
The index fell on Friday, led by the gem index. The Shanghai stock exchange closed at 3618 points, down 0.69%, the gem index fell 2.27%, and the volume of the two markets was 1.13 trillion. The number of stocks rose or fell by 23:77. Traditional Chinese medicine and NFT concepts were the strongest in the plate, while lithium extraction from Salt Lake and smart grid were the weakest in the plate.
Technically, the stock index fell back near the 3650 pressure band. If it is expected that the short-term can not quickly break through this pressure band, there will be a process of second dip. Although there is an opportunity after the second dip, it is still necessary to control the total position and patiently wait for the stabilization signal before the opportunity is formed.
In terms of strategy, when A-Shares were pulled up in the early stage, there was a step back adjustment due to the impact of the external environment such as US stocks, but the first wave of adjustment in the early stage was not sufficient, so now the market is weak to rush up for the second time and usher in the second bottom in the short term. However, at present, US stocks have stabilized and recovered their decline. A-Shares eliminate the external impact, and then wait patiently for the market to wash up fully. In terms of operation, don’t panic too much. Remember to avoid high-standard demon stocks in the early stage.
(Bairui wins)
