The stock index oscillated and then rose, breaking through the upward resistance level that needed to be observed ----- Night of November 23, Friday analysis prediction review: (It is predicted that the Shanghai Composite Index will have reduced oscillation and整理on Monday. The upward signal for the stock index consolidation is at 3280 points, and the upward oscillation consolidation signal is at 3333 points. The weaker support upward is at 3241 points, and the stronger resistance upward is at 3352 points. The stock VV shares discovered by the specialist fell to the limit. It was reminded that the full territory of 3333 points has become the original measure for institutional operations. The Shanghai Composite Index opened at 3308 points and quickly surged to 3320 points, archived at 3310 points, stabilized again, and then oscillated higher in two waves, hitting a wall at 3333 points and falling. Approaching noon, the stock index probed to 3309 points. Worried during the lunch break, in the afternoon, it rebounded upward to 3324 points. When it fell back, the prices of indicator stocks CNPC, Sinopec, and Rural Commercial Bank dropped, showing signs of intentional pressure on the stock index. The stock index probed as low as 3305 points. The market did not show panic, and the stock index consolidated between 3316 points and 33010 points. With institutions entering and driving the stock index upward, the trading volume also increased accordingly. At 2:57 PM, the stock index hit the sensitive point of 3333 points again. The institutions tried hard to push up, but the trading volume significantly decreased, and the stock index finally closed at 3338 points, closing at the highest point of the whole day, rising 30.32 points, with an increase of 0.92%, and a trading volume of 205.4 billion yuan. The K-line showed a large bullish candlestick breaking upward, and the stock index successively reached new highs in this round. However, it lacked the momentum and energy to attack upward and merely reached a new high due to oscillations. Moreover, the upward head market seemed unfounded. Considering the continuous decline of the +DI in the DMI technical indicators on the daily chart of the stock index and the conflicting situation of the 60-minute KDJ golden cross moving upward, whether the stock index can continue to attack upward with inertia tonight still needs to be confirmed by observing the opening tomorrow night. However, the medium- and long-term upward trend of the stock index remains steadfast.
It is predicted that the Shanghai Composite Index will experience an inertial upward shock tonight, or possibly adjust downward before moving upward again. The characteristic oscillations are likely to be unpredictable. The upward signal point is 3352 points, resistance at 3374 points, weaker resistance at around 3400 points (a rapid small drop to this area is often a significant loss point), oscillatory support at 3310 points, and weaker support at 3280 points (standing here is an excessive profit-taking point).
In the two markets, 1382 stocks rose, 77 remained flat, and 294 fell. The bulls controlled the market initiative, and the head market pushed the stock index higher. 26 stocks hit the upper limit. The food manufacturing sector surged by 4.11%, with Jinjing Liquor, VV Shares, and Lianhua Flavoring hitting the upper limit. The agriculture, forestry, animal husbandry, and fishery sector rose by 3.36%, with Dahu Stock, Dongfang Ocean, Yasheng Group, and Xinjiang Tianye showing strong gains. The transportation equipment sector rose by 2.72%, with Dongfeng Technology and Dongfeng Automobile hitting the upper limit, while Jianghuai Automobile, Jinbei Automobile, and Dimas Shares strengthened. The nonferrous metals sector rose by 2.62%, the commerce and trade sector by 2.52%, the food and beverage sector by 2.42%, the petrochemical coking sector by 2.52%, the precious metal sector by 2.38%, the rubber products sector by 2.39%, the chemical products sector by 2.22%, and the instruments and meters sector by 2.11%. The trade and chemical agriculture sectors deserve attention, with Luzhou Chemical, Chongqing Tianhua, Xinfeng Chemical, Haitian Development, Huilian Shares, Xibai Shares, Hangzhou Department Store, and Wuhan Commerce showing strengthening trends. The significant rise in the heavyweights was the main reason for today's oscillations. The real estate, financial security, energy coal, and steel sectors were in a strong consolidation phase, with China Life Insurance, Shanxi Guotou, Bank of China, CITIC Securities, and CITIC Trust strengthening among financial stocks. Pay attention to the trend of Haitong Securities' single share, which may present a larger potential for appreciation. After a long period of consolidation, the real estate sector has a demand for rotational appreciation. Wanke, Fenghua Shares, Zhejiang Guangsha, Wanye Enterprises, and Huaye Real Estate strengthened, while Sunshine Shares, Yuehongyuan, Tiandi Flow, Yindu Development, Gentleman Development, and Laiin Development showed strong upward demands. Steel stocks represented by Baosteel showed signs of forceful appreciation, such as Tangsteel, Shaogang, Hanggang, Angang, Baosteel Plates, and Yansteel Shares. These could be worth watching for short-term opportunities in today's market. Today's stock index fall and rise were caused by Sinopec and PetroChina. These two index-heavy stocks have shaken off their heavy burdens in the short term and are now looking upward, which should be positive for the stock index movement. Agricultural commercial banks adjusted for three days and received support from the 10-day moving average, also showing upward rebound demands, which will drive the stock index upward tonight. Tomorrow, the number of falling stocks will be greater with deeper declines. Among the laggards, Wanben Da fell by -2.37%, followed by other stocks like Tiankang Bio, Zhonghui Medicine, Times Old Materials, Chengxing Shares, Tianke Shares, Xindu Hotel, and Shanghai Melon. Due to large adjustments, these all belong to normal consolidations, which is a clear feature of a strong market. Therefore, for stocks that surged and then fell today, the washout is more significant than bottoming out. Do not scare yourself into panic.
The stocks discovered on Friday, VV Shares and Weiyang God Shares, hit the upper limit, while Old Foundry Pipe rose by 4.5%, Hunan Jinhuan by 3.86%, and Public Communication by 3.74%. Stocks discovered today include CITIC Securities, Shenzhen Airport, China Construction, Yansteel Shares, Tangsteel, Sunshine Shares, Yuehongyuan, Gentleman Development, China Life Insurance, Wuhan Commerce, Chongqing Tianhua, Yaguo, Jinlong Shares. Discovered stocks are not necessarily good, and readers can confirm by observing intra-day price movements, using them only for learning and research, not as operational references. It is hoped that readers select some standby operation stocks themselves during the hot market periods for mutual exchange. There are no experts in the stock market, only winners and losers. Wishing readers to become winners.
Trading Strategy:
1. When the stock index approaches 3300 points, you can appropriately reduce positions and flexibly adjust your position size. Under normal circumstances, maintain a position size of around 70% with a fluctuation range of 30%. In principle, adopt a flexible strategy of increasing or reducing positions to cope with the stock index's fluctuations, but avoid being fully invested. Use capital management to guard against stock market risks.
2. Prevent the risk of sudden spikes and falls in individual holdings during the trading process, akin to riding an investment elevator. Design elastic stop-loss and take-profit points for your own holdings daily. Focus on downside protection primarily, with upside gains as auxiliary. Combine stop-loss sell-offs with standing stop-losses, ensuring swift decision-making and execution upon closing to respond promptly. Key to successful stop-loss and take-profit strategies is selecting precise points and acting swiftly.
Relevant theme articles:
New stock subscription guide issued tonight
Announcement of more recent company news
Top-ranked increased-position stocks in Shanghai and Shenzhen markets on August 10th
New stock subscription guide issued tonight