According to Stock Information Network (http://www.8888.cd/), on Wednesday, both stock indices opened lower but soon reversed to rise, with the Shanghai Stock Index successfully breaking above 3000 points driven by property and insurance stocks. The control of the bulls over the market was evidently stronger than expected, indicating a potential for further upward movement in the short term. By the close of the market, the Shanghai Composite Index stood at 3008.15 points, up by 48.79 points; the Shenzhen Component Index closed at 11848.75 points, rising by 282.14 points.
After the afternoon opening, China Railway No.2 Corporation's stock continued its upward trend, breaking through the box formation upwards today, showing signs of entering a second wave of ascent. This trend is worth paying attention to, as it offers opportunities to enter during pullbacks. Taihang Cement also saw an upward trend in the afternoon, hitting a new high. As one of the earliest initiated sector stocks that are now entering a second wave of increase, this could drive the index to reach new heights. At 1:10 PM, the Shanghai Index hit a new high of 3000.65 points. Changjiang Power, however, showed a slight decline after the afternoon opening, with its price hovering below the 30-day moving average. Currently, there is a significant divergence in individual stock performances, making operations more challenging. Thus, observation should be prioritized over actual operations to avoid getting trapped during the index's surge. Vanke reached a new high of 13.43 yuan today. Judging from recent trends, it has been following a pattern of small-yang incremental steps. This pattern will likely result in a long-yang breakout in the future, making the stock crucial for stabilizing the market at critical moments. After 1:30 PM, Beihai Guofa's stock price continued to fall, indicating that stocks which have seen sharp increases may face considerable adjustment pressures, with those that have risen too quickly possibly experiencing deeper corrections than expected. Shandong Gold broke through the 63-yuan mark at 1:30 PM, presenting opportunities for intra-day high selling and low buying in subsequent operations. At 1:45 PM, under the support of banking stocks, the Shanghai Index once again reclaimed the 3000-point level, with Xingye Bank and Bank of Communications reaching new highs. This shows that although there has been some fluctuation around the 3000-point level, the index still has considerable room for growth. Yuzhaxia's stock price broke through the day's platform at 2:00 PM, offering a short-term buy point for entry.
In general, the afternoon reclamation of the 3000-point level was closely related to the lack of gains in stagnant stocks. The lift provided by banking stocks was indispensable. Judging from the trend of CSR Corporation, selecting individual stocks remains challenging, and incorrect entries can significantly affect one’s mindset due to the lack of gains. Operation-wise, one should continue holding shares in the banking sector, appropriately extending holding periods. It's advisable to adopt a steady approach amidst changes, engaging lightly in strong stocks while maintaining a positive mindset. Given the volatility around the 3000-point level, high selling and low buying should be the strategy for the near term.
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