Category: Money tips Release date: 2006-08-17
Source: Investment Advisory Center Wenyuan Pavilion Authors: Shen Yuan-wen
With the success of the Bank of China issued a temporary slowdown in expansion of the pressure, in the absence of significant new bad circumstances, the balance to the multi-tilt. Monday sided tape out of the rally, Yao City newspaper to close at 1633.45 points, on turnover of 24.1 billion, representing a transaction reads to enlarge 3 billion. From the disk point of view, currently on the market in 1600 ~ 1685 points, an intensive turnover area, pre-market traded in the range of more than 680 billion, there are a large number of chips piled up, short-term cash pressures faced by some chips. Meanwhile, the surface tends to control due to policy changes, leading to the formation of the upper and lower market trend of the dilemma the broader market trend will be maintained shock box, the box may be along the 1,700-point area, the next point along the area in 1500. With the present volume, as well as a hot messy look at the broader market difficult to effectively break through the early high. Unless the transaction can be restored to 350 Yue billion yuan to be able to break through the resistance to continue upward.
Technically, this breakthrough in 30 Yue Yue gapped moving average resistance, and in cooperation with the volume pulled out of a long absence, the trend in the K line also left eye-catching Eighth yang. Present tape head has entered the pre-transaction-intensive areas, the short term, the market chips lock in good condition, the market is expected to challenge previous highs. However, because of today's volume can be relatively mild, such as the afternoon to continue upward expansion of space, volume will be crucial ability to continue to enlarge, while the current market hot spots need to have good continuity. Technical level there is greater pressure near 1650. Indicators, MACD indicators, white and yellow two-line Jin Cha, the white line up rate has been increased, Hongzhu at any time is expected to enlarge. BOLL indicators show that the broader market over the rail to easily suppress the increase of space has been initially opened. RSI, William, OBV indicators of a strong rise in the total. EXPMA indicators show that the formation of white lines on the broad market support, and a sign of the upturned head. Short-term 60-minute tape K-line map, Sanyang an overcast. More obvious short-term signs of market strength, but the indicators show almost reads upside might be with the inertia characteristics, the present volume does not support absolute levels continued to soar, the nature of the recent rally for the rebound, rather than a continuation of the early rising, unless the Yue transaction can be restored to 350 billion yuan to be able to break through the resistance to continue upward. Therefore, effective this week, will remain relatively limited room for upside. The nature of the recent rally for the rebound, rather than a continuation of the early rising, unless the transaction can resume reads to 350 billion yuan to be able to break through the resistance to continue upward.
