1. A shares fell yesterday, the Shanghai and Shenzhen indices fell below the MA5 and other moving averages, the MA5 moving average began to turn downward, has been in a bearish technical form, I analyze and judge that the bearish power will have the upper hand in the short term, and the possibility of A shares continuing to fall in the short term is greater.
Second, the first quarter of the securities stamp duty revenue fell by 49.1% year-on-year, which is a true reflection of the volume and activity of A-shares, which indicates that the volume has shrunk and the market activity is sluggish. Therefore, I continue to be bearish on the short-term trend of A-shares, but it does not represent my view on the trend of A-shares on Tuesday.
3. The Ministry of Finance said: to support some large and medium-sized cities to carry out the renewal and transformation of underground pipe networks, involving the concept of A-share underground pipe networks, and today's underground pipe network sector will usher in opportunities.
Fourth, the current tension in the Middle East has eased, the demand for safe haven has decreased, and the risk premium has declined, I believe this will boost the sentiment of the global capital market, and the geopolitical factors in the Middle East are also one of the reasons for the recent decline of A-shares.
Fifth, in general, the current A-shares have been in a short technical form, I think A-shares in the short term shock downward is more likely, but at present, the international geopolitical risk factors have eased, the pressure on the global capital market has plummeted, so I am temporarily bullish on today's A-share trend, my views are expressed as follows, welcome everyone to come and watch.
1. The Shanghai and Shenzhen indices will open with gains, and even if they open with a decline, they will rush to the gains within 5 minutes, and the Shanghai Composite Index may open above 3050 points.
2. The Shanghai and Shenzhen indices will fluctuate upwards during the session, and will eventually close in red and close in the red K-line chart, and individual stocks will also be the result of rising more and falling less.
3. I am only temporarily bullish on today's trend, I believe that the possibility of downward shocks in the future is greater, please be cautious.