One piece of news that is very important is that WeChat, Weibo, Toutiao and Douyin, including Taobao and other online platforms, are about to "tear down the wall". Personally, I believe that WeChat is likely to be the biggest beneficiary of this policy, and the stock of Tencent Concept will once again come out of a wave of big market.
However, the current Tencent concept index has obviously not yet bottomed out, so when will the index bottom? Let's see Tuga speak:
(Tencent Concept Index Trend Chart)
As can be seen from the above figure, Tencent concept has only gone two waves so far, one wave is from 2005 to 2015, a wave of 10 years of rise, from the beginning of 2008 to the end of 2012, with 5 years to build a large shock platform on the way up; one wave is 2015 to the present, after more than 6 years of decline, from mid-2015 to mid-2020, but also with 5 years to build a large shock platform on the way down, at present, the decline is still continuing, but it is not far from the end.
Judging the bottom of such a large level of decline, it is difficult to judge the divergence of the trend structure from this indicator, it is easy to carry and back, away and away, and every time the bottom is actually a rebound. However, judging the bottom by volume, the correctness will be very high, and we continue to look at the chart below
Tencent Concept Daily Chart
This is the daily chart of the Tencent Concept Index, and I think it will continue to fall in the later stage, but it is likely to be the last wave of decline. Whether it can become the last wave of decline, the more intuitive way is to put the volume. That is to say, the volume of the subsequent decline is best placed in the yellow horizontal position, at least larger than the volume of the previous two lows (the first two ellipses). That is to say, the previous decline in contraction is changed to a mild decline, and once this is the case, it can basically be judged to be the last wave of decline before bottoming.
The bottom is a point and the bottom is an area. We don't have to cling to the bottom, but learn to look for the bottom. Once the Tencent Concept Index declines moderately in the later stage, it will be its historic bottom. We can completely trade on the left side of the more down to buy, can also trade on the right side of the more up and buy, do not have to worry about months of floating losses and floating profits. Think of tencent concept stocks such a trend, the most suitable for people who have spare money and do not know much about technology, after buying can be ignored for several years, and the long-term income is very considerable.
Code words are not easy, please add attention, likes and comments.
The above are personal views, for reference only, and are not based on operation.