Hello everyone, friends! Today is Wednesday, October 19th. In recent days, the market has been hot topics in the medical device and medical health sectors. Please see the time-sharing chart of medical care.
The increase was still relatively large yesterday, up 2.77 percentage points throughout the day. opened the and slight declines after a slight decline, and the time-sharing line has been running above the time-sharing moving average . After reaching the highest point, the time-sharing moving average will reach the closing. This is a process of rising in the early stage, insufficient momentum for rising in the later stage, and pause and consolidation. Therefore, participants should be cautious. Let’s look at the daily K-line again.
It can be seen from the chart that the medical and health sector has risen for five consecutive days. The sector is in an upward trend, and the trading volume has increased significantly, and the market's confidence in the medical and health sector has been restored. In addition to the annual line, the index has occupied above other moving averages, and the increase is already relatively large. From the horizontal line of the cross line, it can be seen that the index point exceeds the previous second-high point and enters the trading-intensive area . Although it can continue to rise, the risk is gradually increasing. In addition to the selling pressure of unblocked trading, profit-taking also brings certain pressure. Therefore, participants should be cautious. Let’s look at the narrowing weekly K-line.
weekly K-line We can see that the medical and health sector is in the process of changing the downward trend. Although it has not set a new low and the rebound is relatively strong, it still has not formed an upward trend. At this stage, it can only be determined as the rebound after 's second bottoming out of . It is still not certain whether it will form a range oscillation market or an upward trend market after the rebound. For stocks or sectors with such structural conditions, the response strategy is to continue to wait for the rich results if they have already boarded the car, and wait for the pullback after the rise without the patience, and then actively participate after the pullback stabilizes. Those who agree with the above views please pay attention. I’ll be here to communicate with my friends today. Thank you everyone, goodbye!
