Shanghai Composite html January line
html ended in 16 months, Shanghai Composite Index rose 6.66%, rising nearly 20% from 2863 to 3417.
Shenzhen Stock Exchange and Growth Enterprise Market rose more sharply, mainly because the decline was larger than that of the Shanghai Stock Exchange. The rebounds were all high-level sectors that had fallen out of space in the early stage.
Then the surge will continue in July?
is unlikely. It has been rising sharply for two consecutive months. It has accumulated a lot of profit and the lock-up is not far away.
html Looking at the January line, the Shanghai Composite has also reached the yellow 13-month line, with a red 21-month line above it. Therefore, there is a high probability that will rise and fall back to in July, with a range of fluctuations, reaching the 21-month line of 3440 at the top and 3250 at the bottom of the May line.
Looking at the Shanghai Stock Exchange weekly
weekly, the price above 3400 has skyrocketed in July 2020. In the past two years, the magnitude of this hold-up is relatively large. If you want to go up, it is more reasonable to adjust for at least a month to gain momentum.
If it adjusts in July and rises in August, 3600 may be the limit. There is a lot of pressure above 3600, and there may be a significant adjustment. As for whether it can break through 3700, we will tell when the time comes.
section
In view of the current collective decline of commodities , it can be said that the top has been determined, and commodities will be a downward trend in the next few years. Although oil prices are still holding on, they are probably the last to show their stubbornness. Like other commodities, a plunge in the next few months is a high probability event.
Therefore, it is recommended that you stay away from non-ferrous metals, coal, steel, crude oil, chemicals and other sectors related to bulk commodities. Even if these sectors are rising now, they will definitely follow the decline of commodities in the medium and long term.
recommends paying attention to the power sector. This sector is also a mid-range sector. It has once again broken through the May line and continues to rise.
Infrastructure, real estate, securities companies and other sectors can wait for the market to adjust before getting involved again.
