Compound interest defense

On Friday, the Shanghai and Shenzhen stock markets were highly differentiated, with ups and downs. The Shanghai index closed up 0.47%, stood at 20mA, the Shenzhen Component Index closed down 0.11%, the gem index closed down 0.33%, and the daily line was negative for three consecutive days. A total of 83 stocks rose the limit, and 26 stocks closed the limit. On the disk, capital construction concept stocks such as construction engineering and construction machinery continued to strengthen in the afternoon, Xinjiang Beixin Road & Bridge Group Co.Ltd(002307) 3 connected boards, Sany Heavy Industry Co.Ltd(600031) pulled up and touched the daily limit, with a turnover of more than 6 billion yuan, the largest increase in the market in recent 8 months; Real estate, park development, cement, steel and other real estate chain sectors rose sharply in the afternoon, China Wuyi Co.Ltd(000797) 6 connecting sectors, Xinjiang Ba Yi Iron & Steel Co.Ltd(600581) 3 connecting sectors; Gold concept stocks led gains throughout the day, Yintai Gold Co.Ltd(000975) , Chifeng Jilong Gold Mining Co.Ltd(600988) touched the daily limit; Financial afternoon collective changes, Qilu Bank Co.Ltd(601665) , Guosheng Financial Holding Inc(002670) double straight-line limit. The theme of anti epidemic was weakened at the end of the session, Andon Health Co.Ltd(002432) fell by the limit, Beijing Hotgen Biotech Co.Ltd(688068) , Guangzhou Wondfo Biotech Co.Ltd(300482) , etc; Seed industry, breeding and other agricultural sectors led the decline, with Ningxia Xiaoming Agriculture & Animal Husbandry Co.Ltd(300967) intraday decline of more than 12%; Yuancosmos and NFT concept stocks accelerated their decline in the afternoon, with Shunya International Martech (Beijing) Co.Ltd(300612) intraday decline of more than 14%.

On the whole, the current stock index is in the horizontal consolidation since the rebound on March 16, and the medium and long-term moving average is arranged in short positions, which suppresses the stock index. The daily KDJ of the Shanghai stock index shows a high dead cross, the medium and short-term moving average (5, 10 and 20mA) of the Shenzhen Composite Index and the gem index are arranged in a short position, and the MACD red column of the daily line of the three major stock indexes shows a shortening trend. At present, the market is still in a weak box. It is worth noting that the green column of MACD in the three major indexes shows a continuous shortening trend, and we still need to wait patiently for the final direction.

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