securities sector have relatively large market capitalizations. Therefore, when the securities sector starts, it can effectively boost the and index of the market, and can often lead the market index to achieve a V-shaped reversal at critical moments.
Therefore, when Shanghai Composite Index encounters the upper pressure level of 3430, many people imagine that the securities sector can have a big rise, leading the Shanghai Composite Index to break through the pressure level .
Not long ago, I also imagined that the Shanghai Composite Index could break through the pressure level of around 3430 and 3500 driven by the securities sector.
However, the recent trend has been disappointing.
From the perspective of technical form:
1, June 22, the 20-day moving average crosses the 60-day moving average, indicating that the short-term upward market is about to start;
2, July 1, the low is on the 20-day moving average, which is basically consistent with the 20-day moving average. ;
3. Judging from the trading volume, there is little decline, selling pressure and panic;
4. We can see from the daily K-line (as shown in Figure 1 below) that after fell below the support level 1244 on June 16, the subsequent Many attempts during the trading day ended in failure, indicating that this position has great pressure;
Illustration 1: The pressure level failed to break through multiple times
5. After the 100-day high volume on June 15, there was no obvious increase in volume in the subsequent rising process. , the main force did not express a strong will to break through the pressure level of 1244;
6. From the daily K-line (as shown in Figure 2), the KDJ curve appears dead cross . From the MACD, the short side is stronger than the long side. Look, The bearish sentiment dominates the low level;
7. However, since it is close to the support level of 1203 (this support level has been verified as an effective support level on 6.17, 6.21 and 6.23), there is a high probability that it will be near here next week (as shown in Figure 2). ) is supported;
Figure 2: Key support levels and KDJ dead cross
8. The biggest problem for individual stocks in the sector is that the former leading Everbright has not yet shown obvious signs of rebound. Judging from the trend of the KDJ curve, the J line has reached the recent lowest point and has been supported near here.
Therefore, there is a high probability that the securities sector will first decline and then rise next week. It will start the rebound of the sector under the rebound of Everbright.
