Category: Money tips Release Date: 2006-08-03
Year will soon be over, we need to summarize the previous operation to prepare for future battles in the coming year. Since early April this year, the broader market see a new high this year after the stock has been in a down trend; to September index fell below 1300 points at the end of the policy after the 1259 test a low point and led to a rebound, after the stock shot up 1500 points, has returned to a downward path. The majority of market operations are mainly done oversold bounce, and lucrative. This is to adapt to the market at any time due to adjustment of operation strategy.
What is oversold? Is clearly sharper than the decline in their respective groups; rebound in persons, a temporary change in its original downward trend; as it can continue to rebound, there are likely to turn into reverse!
Financial and strategic position
Operation of the fund out of security considerations, do oversold bounce, we must first determine the (participation) in the amount of funding and positions.
In general, suitable for slightly larger amount of money (500 million or more) participating in a rebound few opportunities; it is suitable for a small amount of money (less than 100 yuan million) more opportunities to participate in a rebound to have a lot in terms of.
Second, select oversold stocks to follow-up analysis. I believe that under the oversold nature of the intrinsic value can be divided into shares oversold oversold and external; according to the size of the amount of funds may be appropriate to participate in different types of oversold bounce: slightly larger amount of money investors due to security considerations, it is recommended involved in the intrinsic value of oversold be more appropriate to a small amount of money investors can participate in an external stock oversold. At the same time, due to the different nature of the two fallen too far, their analytical methods are different, the following will illustrate two kinds of analysis methods.
The intrinsic value of oversold
Intrinsic value refers to the stock oversold the value of the more serious deviation from the same industry hub of the value of listed companies; such an analysis as a part of fundamental analysis.
For example: Blonde technology in the October 15 to close at 10.55 yuan, compared to market closing price fell 34%; Hu Zhi fell less than 8% over the same period; now for Hu Zhi, the stock has been oversold; while on their the intrinsic value of words, we have adopted the relative valuation approach to be blonde Technology (600,143) price of 10.90 and 12.2, respectively, while the current price at around 10.72, the price is relatively undervalued.
From the company's main point of view, modification of plastics sub-sector is expected in the next 5-10 years, its overall market demand will remain about 10% annual growth. By the downstream development, the prospects for the development of the company is very gratifying.
In addition, the modified plastic quick investment projects, and production capacity according to market demand conditions can be gradual or rapid increase, which is the industry's characteristics, and thus to raise funds has also been productive.
Through the above analysis, we confirmed that the company is in the fundamental period of steady expansion in the future development potential is very gratifying.
An entry point indicator selection
For small investors, using the above analysis method, appears to be some more losses than gains; due to a small amount of money, we must seek security based on the maximization of profits, so oversold bounce class for an entry point for the choice of individual stocks is particularly important !
1 shares fell on the way, there will be a lot of bounce there, but the real opportunities for operable not many; Once the unit relative to the formation of the industry index, or oversold, its rebound will continue for some time, and will have a certain The rebound height, then the Unit would be equipped with operable.
Thoughts on the operation determined after the choice of indicators is very easy. Stock index, the amount of energy, turn indicators (where choice EXPMA) and trends of indicators (KD); we EXPMA and KD parameters are set to (5,21) and (55,5), so set down in order to filter out resistance or a period of uncertainty such as minor fluctuations in the trend to increase the involvement of security. Specific combination is when the KD parameter (55,5) in the low-Jin Cha, after 15 trading days, a rise greater than or equal to 3% of heavy volume (the amount of twice the day before) Yangxian there, while slow EXPMA5 and fast EXPMA21 This heavy volume day or the emergence of slow EXPMA5 Yang Xian Jin Cha fast EXPMA21, then you can chase Jin; the next adjustment may also be involved.
For example, this wave of broader market fell 9.14 adjustment. Largest drop of 600,645 Wangchunhua from May 30, 2003 for 20.68 all the way down August 30, 2004 3.73, down 70% over the same period decreased by only 20% of Hu Zhi. August 31, KD low-Jin Cha, September 13th morning 10:30 pm EXPMA Jin Cha, conditions to form.
Because it is doing a rebound expectations not too high, as long as the selling point of reference for 60 minutes EXPMA5 can. As long as there is a large Yinxian beneath a 60-minute EXPMA5 should not hesitate to profit-taking.
Through the operation found that if KD Jin Cha occurs after the 15 trading days EXPMA also occurred in Jin Cha, but the amount can not deserve the same day, next day fill volume (which is more than twice the first day) is also an excellent time to buy! If 600,739 Liaoning Chengda: August 23 KD low-Jin Cha, September 2 EXPMA Jin Cha, if there is no intervention, the next condition is still valid, but also a great time to buy!
Here I would like to remind everyone is this: the operation of the above oversold bounce ideas in the current market is in equilibrium when the city or a volatile city, and operable, and the success rate is high; when the market shift, the operation of the train of thought will also be shift, it is necessary to adjust the appropriate parameters of technical indicators.
