Category: Money tips Release Date: 2006-05-01
Source: Shanghai New Rand
Despite the broad market in just the first three trading days has fallen by 90 points, but still not received the short side hand signs, as we anticipated yesterday, the new flagship center: the day of the session although the rebound, but the intensity of very weak, late was also once 1,600-point breakdown. Weak feature prominent. Looking at the current market has been difficult to see an organized multi-party counter-offensive, more for some individual stocks alone playing and singing of the empty side fully take hold. If listed on the first day remove the Datong-Qinhuangdao railway turnover of 3.526 billion, the actual volume of Shanghai stock market is only 14.6 billion, Su Liang evidence is clear, reflecting Kongfangliliang has not yet been fully vent, which is why the market in the last hour the re-start heavy volume sell into the underlying reasons. Therefore, the kinetic energy has yet to be released in the short, multi-party is unable to organize an effective counterattack against the backdrop of the broader market still has to continue to test a low short-term requirements.
From the technical analysis, for four consecutive days over 100-point drop waterfall-style point of view and lethality are very large, both indexes, or a number of individual stocks, and short-term moving average line in Japan has showed a larger deviation, which short-term average deviation from the trend rate of increase will normally appear rebound brewing amendment. At present, the short-term in 1580 has strong support near the region is not only the Shanghai Composite Index fell from 1757 points, since 10% of the position, but also near the 1757-point drop since the two terms in accordance with a 1:1 ratio of the location of 1577 points . However, our new flagship center for a rebound in the early efforts did not have much hope, because the first two weeks of the finishing platform area along the 1630-point fall, the index has constituted a strong anti-pressure, and 5, 60-day MA are also gathered in the region, so if you can not fast-break 1630-point rally to the 1640-point area, then the tape will again test a low possibility.
Today there are several aspects to our attention: Firstly, Bank of China (601988) for nearly 3 K-line, showing significant acceleration feature, however, because the Bank of China fell short too fast, and 5-day moving average to a greater deviation from, the ability to short-term rebound will exist. Second: Bank of China and today's listing of the Datong-Qinhuangdao Railway (601006) The current market price from the offering price were only about 10% of the space, as the management of pushing a super-large capitalization stocks, the market continued to decline in a short time close to the issue price, For the afternoon Air China, the ICBC and other tape the issuance of new shares constitutes intangible pressure, therefore, at this stage should pay close attention to this short-term performance of the two stocks. Third: China Petrochemical (600028) today and tomorrow is an important time-sensitive point of the unit, and because stock prices have gone back to the important medium-term support for the critical point of 5.70 yuan in the vicinity should not be short term to avoid further mistakes, once of which will be valid below period of a negative influence on the trend. Which is for the market's future strength will also have an indicative role. Therefore, the stock could rebound in the key space and time to read the tape will be short-term points.
In summary, we have the new flagship of the Shanghai New Rand Center that: broad market tomorrow or the day there are still claims, short-term 1580-point area will constitute a short-term market support is not excluded from the index heavyweights, led by a rebound rise, but the rebound will be restricted by pre-order platform in 1630 points to 1640 points along the repression. Investors did not see a clear signal to adjust before the end of, or to exercise caution as well, not to rush blindly bargain-hunting.
