Short Term Return Of 5 Antenna &Nbsp; Medium Bottom Still Need To Be Verified.

On Wednesday, affected by the decline of the peripheral index and the continuous adjustment pressure of stock index, the stock index opened slightly.

After the opening of the bank, the performance of the bank shares was relatively low, which led to the two fall of the stock index and the support near the 2540 point. With the collective pull of the real estate stocks, the stock index has a strong desire to turn red, but the overall market atmosphere is shrouded in short supply. At noon, the stock index broke through 2540 points, but the panic atmosphere in the market was not large. With the drop of the kinetic energy, the Bulls reorganized the strength to fight back. Finally, the two cities' stock indexes were reported on the red market.

The hero of the guard is the real estate sector, which can withstand the pressure of policy regulation and give the market a lot of confidence. However, the recent strong stock market has caused psychological panic. But the relative weight of stocks has to be more active. The drag on Shanghai stock index is weaker than that of the Shenzhen stock index. When the stock index fell more than 30 points in the afternoon, the number of households in the two cities rose by half, indicating that many stocks refused to fall, and entered the rebound cycle ahead of the stock index.

How do we see the trend of Wednesday's bottom picking up? From the Shanghai Daily K-line chart, the stock index belongs to the two time. However, when we see the two time, we find that the volume of trading has shrunk dramatically, indicating that the probability of forming a double bottom is very large. The closer it is to the level of the land, the more solid it is at the bottom. But the rise of the late stock index has attracted the involvement of the copied chassis.

2500 points near the success of a double bottom, then a rebound of the high point 2680 points is the neckline, need to break through, but it is not yet able to determine whether the volume is just over 70 billion, is to observe more than a few trading days, because it can not be ruled out is the Shanghai stock index after three consecutive Yin back 5 days average moving trend.

There are two opportunities for Shanghai to make up for the two major gaps above: first, the bottom of technology, and two the bottom line of policy.

The technology is good enough to judge that the volume is the most real. Recently, it has been about 90 billion of turnover. Obviously, it is not the amount of land. Fortunately, in the Wednesday's stock index adjustment, the volume can obviously shrink significantly. The shrinkage is a good thing, but do not break down the low point of the previous 2481. It is conservative that this level should be near 60 billion. In addition, we should pay attention to the fact that the bottom of the A stock has been confirmed by double bottom.

As for the bottom line of the policy, we can only guess that the valuation level of the two heavyweights is relatively close to that of 08 years, but the performance of the listed companies will definitely decline this year. Therefore, the stock price has a downward trend in the dynamic valuation. However, the recent issuance of new shares and management's recent frequent speeches can see that they should be close to their bottom.

On the whole, a slight increase in the volume at the end of the month does not mean anything. We should first consider the process of returning to the 5 day moving average, and the middle line market will have to shrink further.