Key investment points:
Shanghai Stock Index
The technical conditions of daily, weekly and monthly lines of Shanghai Stock Exchange have weakened to varying degrees. The Shanghai Stock Exchange’s daily line has fluctuated and fallen in recent days, and multiple important support positions have been lost in the fall. The index came to the down track support level formed after the band high on December 13, 2021. The daily KDJ and MACD have not improved significantly, and there is no obvious sign of stabilization at present. However, in the past few days of decline, it will also cause long forces to counterattack, and there may be rebound demand for moving average breaking. However, the daily moving average system has a downward trend, and the short-term rebound kinetic energy may be limited. We still need to beware of falling again after the rebound. The K-line of Shanghai stock exchange closed at the negative line, falling below the 30 week moving average, the 60 week moving average and the early upward trend line, with strong support and strong downward momentum. Even if the daily line has the demand for breaking and rebound, the weekly average above and the rising trend line below in the early stage constitute a heavy back pressure, and the rebound kinetic energy may be limited. If the 60 week moving average cannot recover quickly and is effectively broken, the lower falling space may be opened, and the falling adjustment may be carried out on a weekly basis. The strong support below is the 120 week moving average support.
Shenzhen Component Index
The Shenzhen Component Index fell back after the wave band high, falling below multiple medium and long-term moving average support levels, also below the upward trend line formed in the early stage, and below multiple important support levels in recent days. Out of the descending channel in the shock. In the shock fall, the daily KDJ index of Shenzhen Component Index shows that it has been significantly oversold, and the short-term rebound momentum may be brewing. However, the daily average of the index has a downward trend, which is difficult to reverse in the short term. When the trend is downward, the rebound kinetic energy may be limited. The weekly line of Shenzhen composite index fell below the neck line of head shoulder top shape in the early stage last week. The important support position broke and the weekly technical form weakened. When the Shenzhen composite index falls back in large volume, the weekly KDJ and MACD are dead cross, and the weekly index weakens, the shock adjustment of the index may be carried out on a weekly basis. In the short term, there may be rebound demand after the important support level of Shenzhen Component Index breaks, but the technical form has weakened and the rebound kinetic energy may be limited. The upper moving average and neck line constitute back pressure. If the rebound is weak, you still need to beware of falling back again.
Gem index
After the gem index hit a band high, it fell back in shock, continuously fell below the support of multiple medium and long-term moving averages, and walked out of the form of decline channel. At present, the biggest decline has exceeded 13%. The continuous decline has accumulated short-term rebound momentum, and the recent index is brewing a rebound based on the gap support. However, the daily moving average of the index has tended downward, and all moving averages constitute backpressure. Even if the index rebounds, it is still difficult to reverse the downward moving average trend in the short term. We still need to be wary of falling back again after the rebound is blocked. On the weekly line of the gem, since February 2019, the market has fluctuated in the past three years, with the largest increase of more than 180%. After hitting a band high of 3522 points, the index fluctuated and fell back. At present, it has experienced seven weeks. Last week, after falling below the 60 week moving average, the gem index rebounded and closed the small entity red K line. At present, it is facing the back pressure of the 60 week moving average. The weekly short-term moving average of the index has weakened. Weekly KDJ and MACD continued, and weekly indicators did not improve significantly. Although the weekly volume can be amplified last week and the rebound kinetic energy has been strengthened, even if the index breaks the 60 week moving average pressure level, there is still a downward short-term weekly moving average pressure above, which is difficult to break through. Therefore, we still need to beware of falling again after a short-term rebound.
CSI 500, CSI 1000, CSI 300 index
CSI 500: at present, the daily line of CSI 500 index has fallen below several important medium and short-term moving average support levels, and the off track support level of the rising channel since October 2021 has broken. The short position of the medium and short-term average of the index daily line has tended downward, and the daily average has weakened. KDJ and MACD on the daily line continue, and there is no obvious sign of improvement at present. Even if there is a break rebound demand in the short term, the lower track of the early rising channel above the break, as well as the moving average, constitute a back pressure. You still need to beware of the index falling again after the rebound.
CSI 1000: the volume of CSI 1000 index has fallen due to resistance near the recent high, and the short-term average has turned downward one after another. At present, the short-term average has tended downward. The index rebounded after opening low on the trading day and closed at the red K line. The daily volume can be enlarged, and a short-term rebound may be brewing. But even if the index rebounds in the short term, there are still many obstacles above. We still need to be wary of falling momentum after the rebound.
CSI 300: the daily line of CSI 300 index fell back after hitting the band high of rebound, and successively fell below the support of multiple moving averages. In the shock fall, many medium and long-term moving averages have turned downward, and the daily moving average system has tended downward. The daily line KDJ and MACD continued, and the daily line indicators weakened. The index has successively fallen below recent lows, and there is no obvious sign of stabilization at present.
