In early trading today, the Shanghai and Shenzhen index fluctuated upward after opening slightly lower, and the concepts of real estate, poultry breeding and ice and snow industry rose. However, due to the lack of the driving force of the weight sector, coupled with the strong concept stocks of large funds in the early stage and the jumping off of the technology sector led by lithography machines and semiconductors, the two markets fell back and stepped back on the 5-day moving average. In the afternoon, the concept of oil and gas pipeline rose strongly, and the steel sector emerged as a heavyweight, driving the Shanghai index to turn red and the decline of Shenzhen composite index to narrow. As of the close, the Shanghai index rose 0.02% to 328343 points, the Shenzhen composite index fell 0.45% to 1217291 points, and the gem fell 1.24% to 263391 points.
On the sector side, stimulated by the good news “who: Traditional Chinese medicine can effectively treat the covid-19 pneumonia”. Today’s pharmaceutical stocks are shining today, with Hendi medicine, Xiangxue Pharmaceutical Co.Ltd(300147) Shijiazhuang Yiling Pharmaceutical Co.Ltd(002603) and other stocks rose by more than 10%. In addition to st, 87 stocks in the two cities rose the limit, and 16 stocks fell the limit or fell by more than 10%.
Technically, since the rebound of the Shanghai and Shenzhen index, although it has stood on the 10 day moving average, the volume can be significantly reduced, which seriously restricts the pace of the rebound of the two markets. The K line is obviously flat. Although the 5-day and 10-day moving average is golden fork, the 20-day moving average is still downward. The current golden fork effect is unclear and it is difficult to support the need for a sharp rebound of the index. In terms of overall shape, today’s index once again tests the support of the 5-day moving average. Whether the 20-day moving average can turn upward has become an important factor in technology. Otherwise, the market will still be difficult to attack with all its strength. The medium and short-term moving average of the Shenzhen composite index is more stable from a technical point of view, while the repair of the shape of the moving average of the Shanghai index requires a wide shock or rapid retreat in the index. On the other hand, we should pay attention to the change of trading volume. At present, with the acceleration of sector rotation and the violent vibration of the index, according to the tips given by Rongwei software, strictly grasping the principle of stock selection and shareholding position has become the top priority. The stock valuation and fundamentals should attract the attention of investors and pay attention to avoiding poor performance and high price stocks.
In terms of operation, you can look for industry leading stocks with successful bottoming and performance support, pay attention to bargain hunting and band operation. Pay attention to avoiding stocks with higher cumulative gains and controlling positions.
