Category: Money tips Release Date: 2006-07-11
Source: Shanghai New Rand
With the Shanghai Composite Index once again stand in the fall, after half a month for 20-day moving average, the market mentality further stable, heavyweight take the initiative to organize today's most circumstances, the index is still able to keep up at 5, 10, 20, average slightly above the maintenance of order and eventually closed out under the shadow of the class to bring a doji. However, as the day of release in June related to the economic data is still relatively high, the market generally maintain a wait and see attitude, the two cities to small-cap stocks rose more than standings, theme-heavy, but overall, or continuation of individual stocks up more than two days before the fall less situation, compared to pre-stock index below the 20-day moving average run-time Suliang shock phase of a marked improvement, an indication of the popularity is gradually being restored.
From today's disk observations, though the plate to adjust the financial heavyweights such as the impact of stock into the initiative to the short-term shocks finishing, but heavyweight ascribed to these two days finishing down situation, are still well within the rising channel contraction the amount of finishing poised as a reasonable adjustment range. Among them, Industrial and Commercial Bank of China (601398) continuous downward pressure on the two-day break after the line has also appeared in the short-term active attack on the break a few days ago the high point of the action, showing the main force is still in interested in multi-party control the volatility of the index space, between the use of heavyweight The Change to switch to maintain market balance. In addition, we pointed out yesterday that there is compensatory growth capacity of the Shenzhen Composite Index on today's performance was much stronger than on the Shanghai Composite Index shows that the majority of stocks in the index appears adjustments, and not, as early as vulnerable as the drift, but already have a certain degree of Chi Chou undertake strength and confidence of the market is very beneficial. Once the finishing knot heavyweights poised to continue to upside, plus other hot spots, the support plate, the market will be able to break through the pressure on the file with the medium-term moving averages. It is worth mentioning that the amount of energy if there is no follow-up support, even if the 60-day moving average intraday upside pressure zone, short-term market is not particularly stable, there are still withdraw sword beneath the finishing platform requirements. Therefore, the amount of change and the heavyweights can still influence the market performance of short-term fluctuations in the key.
Technically, the Shanghai Composite Index after the first two days pulled up quickly after the scheduled between the pressure and supported the formation of Su Liang shock that the market is still relatively cautious. And tomorrow, the circumstances are likely to reproduce the weekend, another sensitive to macroeconomic data releases, the market turbulence Suliang finishing, wait and see may be even to maintain the trend of the day. However, in recent phase of the operation structure of observation, and is currently finishing the end of the run to the platform, the next few trading days will choose the direction of a breakthrough. Therefore, our new flagship center that: short-term market upward momentum is not sufficient, to continue to maintain in the short-term moving averages poised consolidation within the requirements of investors to focus on closing 20 day MA of the gains and losses. The shocks in this city, Su Liang, investors should avoid short-term chase sell into intraday volatility to stock-based bargain-hunting targets. In the current critical moment bottoming shock, how to position and species mix adjusted to optimal state, control is undoubtedly the future market risks, decide the future level of benefits a top priority.
