On Monday, A-shares fell sharply, making the Shanghai and Shenzhen indices return to the bearish technical form, the Shanghai Composite Index fell below the key point of 2900 points, and the bulls' confidence was under pressure.
1. A-shares fell sharply yesterday, which is too unique, even though the Hong Kong Hang Seng Index rose and fell yesterday, it closed up 0.78%. A-shares are unique and lonely, the Shanghai and Shenzhen indices fell by 0.92% and 2.06% respectively, not only down, but also a big fall, which is still in the new regulations on the refinancing of restricted shares to achieve such a big decline, the refinancing of restricted shares This can provoke the climax of various views, but A-shares slapped these views in the face, although I reminded the risk, but also still slapped in the face.
Second, A-shares can be said to be all the way down yesterday, the game between the long and short sides is not fierce, the volume is only 815.5 billion, and then return to the normal shrinkage road, shrinkage shows that the off-market is back to the state of waiting and seeing. At the time of continuous decline, last week's three-day rise in a row could not arouse the power of over-the-counter pick-up, which means that the over-the-counter is not optimistic about the follow-up trend of A-shares, which is really a big disappointment for everyone. But all the way down is not useless, this trend means that the market and the receiver are in a state of net loss, then the next day is unlikely to take the initiative to reduce positions, then the market is facing a decline in selling pressure, which may provoke the power of today's Bo rebound to attack again, thereby pushing the market upward.
Third, A shares fell yesterday, has been falling for two consecutive days, the Shanghai and Shenzhen two fingers bullish technical pattern re-turned to the short technical pattern, the Shanghai index has begun to turn to the reverse V-shaped right of the downward channel, and lost the 2900 key points, the Shenzhen index has completely entered the right track of the reverse V-shape, and down through the MA5 moving average, so far has lost all the moving averages, which will also drag down the trend of the Shanghai index, after all, it is two brothers, the direction of the trend is basically the same.
Fourth, in general, A-shares have been basically in a state of low volume shrinkage, the long technical pattern has turned into a short technical pattern, the risk factors I understand are relatively large, and I am still not optimistic about the short-term trend of A shares. But yesterday the Shanghai and Shenzhen two index time line all the way down, which may make today's A-shares face little pressure to sell, or provoke the power of the over-the-counter rebound to follow, in addition to yesterday's plunge is too unexpected, today there is also a demand to make up for the rise, so my views are specifically expressed as follows, welcome to comment on the views.
1. The Shanghai and Shenzhen indices will open with gains, and I believe that's it, the Shanghai Composite Index may open above 2887 points.
2. The Shanghai and Shenzhen indices maintained a state of shock during the session, and finally closed with a rise, and the Shanghai Composite Index will regain 2900 points upward.
3. With the Shanghai and Shenzhen indices closing in the red, individual stocks will also be the result of more rises and fewer falls.
4. But I am very cautious to temporarily bullish on today's A-share trend, which means that my confidence in bullishness is not strong, please be cautious.