20240220 Afternoon Commentary: Shock consolidation, repair short term indicator divergence

Mondo Finance Updated on 2024-02-20

【Plate】

On Tuesday, the Shanghai and Shenzhen markets both opened low, the Agricultural Bank of China, China Mobile, etc. refreshed the record high, driving the ** low open high, slightly red, and the double board was adjusted to the front under the seesaw effect, but the SORA concept stocks are still active, and the large-scale expansion limit. As of noon**, the two markets have a limit of 70, no down limit, and **red and green.

Technical Analysis] said in the morning commentary: "* The transaction has shrunk, the relationship between volume and price has shown signs of divergence, the momentum of continuous short squeeze is declining, and the probability of not making up for the amount of stepping back or consolidating is increasing", and the morning ** unfolded around 2900 points**, and the performance is still within the expected range. In terms of volume, the Shanghai Composite Index traded 215.8 billion yuan in half a day, a sharp contraction from yesterday's 290 billion yuan. **Four consecutive in Changyang, continuous recovery of 2700 points, 2800 points, 2900 points of three integer mark, technical indicators are obviously overbought, coupled with yesterday's volume and price divergence, **there is an internal motivation for repair, **and approaching 60 days**, as the decision line its resistance is self-evident, so**take a break can be seen as a benign consolidation. Although I don't look at the reversal, but the band is not over, but it may be difficult to climb the slope and need to change the low gear to move forward, and the road is bumpy, the trend is inevitably bumpy, and I will treat it with a normal heart. The market from the system, to the fundamentals, to the investment structure, there is no essential change, don't expect any bull market, but to rush to 3000 points, so that the injured soul can get a little comfort, it is best to go to the old Hu bottom 3144 points. Structurally, because elephant stocks are still trying to "protect the disk", pan-technology is also significantly differentiated, semiconductors are in the forefront today, and SORA stimulates the continuation of the tuyere, and the rare main force and ** can run the same track together, can still be actively concerned.

Strategy] Simulation**: 7; Shanghai Composite Technical Support: 2900, Technical Pressure: 2920 points; GEM technical support: 1728, technical pressure: 1750 points; **Focus: SORA concept stocks, new share subscription: 0.

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