Category: Money tips Release Date: 2006-08-03
Source: De Ding Investment
Thursday Shanghai stock market closed at 1596 points, down 2 points on turnover of 18.4 billion, compared with the previous trading day's 22.6 billion has been shrinking. Friday Datong Coal shares will be traded, and the Bank of China will issue new shares, both on the surface of funds caused by a certain influence, especially the latter. Plate, financial, engineering, construction, foreign trade, building materials, coal, petroleum, textiles and clothing among the biggest gainers, in the range of more than 0.50%. The top is the decline in water, gas, petrochemical, ST, computers, etc., in the range of 0.70% or more.
Broader market indicators, MACD indicators, green column has been a noticeable decline on the fifth day straight, white and yellow two lines above the zero axial increasingly close to each other, is expected to re-Jin Cha afternoon. BOLL indicators show that the broader market is basically 4 consecutive days in orbit in the vicinity of resistance. KDJ indicators, K, D values of both break 50, but the K rate has slowed down the rise in value. William indicators near the top of adjustment. RSI indicator above 50 continue to receive support. OBV indicator did not immediately hit a new high Thursday down. EXPMA indicators show that the broader market closed at 4 consecutive days in the White line square, today's market's volatility greatly reduced, the day's trading goes on in white-line side, indicates that white line with a preliminary supporting role. Short-term 60-minute tape K-line diagram, on Thursday is a yin and a yang, thanks to 60-hour moving averages continue to fall as the current index has broken through the 60-hour moving average of the block, while downside support the role of 10-hour moving average gradually starting to show. The corresponding 60-minute slide KDJ indicator is still in the process, the current fell to 60 near the Friday concerned about the indicators are not able to re-Jin Cha in the top 50.
Operational strategy, the Friday tape is expected to uplink, since the amount can not be effectively larger, and therefore the short term may be appropriate to trim rallies. But in the long term remains to see more than 1890 points the second half of Mogao are not ambitious, specific operations can be due attention to the agricultural section.
