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The positive horizontal bottoming momentum is expected to lead to a rebound pulse

The technical evolution process is more in line with the expected changes in technical relationships. The index fluctuated and then fell back to a long positive line before stopping falling and stabilizing. Although the rebound was not strong, it did reflect a relatively positive horizontal bottoming momentum under the steady volume shock trend. It is expected to take advantage of this rebound pulse and continue to show an oscillating upward development relationship.

However, if it is to continue to push up, there are still many obstacles. The main contradiction is that the downward trend of the multi-cycle average price line above cannot be changed, which is obvious in the medium and long-term technical pattern. In particular, the current decline in the 60-day and 12-day cycles has a long downward momentum, which will continue to suppress the upward development of the market.

In terms of such a relationship, we still need to proactively anticipate the fluctuation trend of the oscillating tug-of-war in terms of technical relationship. Although the rebound may occur at any time, it is not easy to continue to rise and advance, and it is even more difficult to go for a unilateral upward trend. This means that any rebound encounters resistance, and the strategy should still be actively adjusted.

It is not time to work hard yet. These are very obvious technical contradictions. Non-technical influences are considered to be favorable, especially the easing of the relationship between Zhong Mei and others. Although future competition will remain the same, it is expected to ease the risk appetite for the A-share market in the short term.

However, the long-term competition landscape in the future cannot be ignored, and it will still limit technological progress and other blockades, thus affecting the development of the industry landscape. However, the alcohol-sugar talks on controlling differences may bring a short-term buffer, and we can be optimistic about the development of A-shares driven by this. Once a strong upward pulse action appears, it is indeed expected to continue to promote the staged performance opportunities at the bottom of the market.

This is the focus of the current and even short-term market attention, and the care at the policy level should have risen to a higher level, and the effect of continuous accumulation, once exerted, is expected to stimulate a strong effect. They also gave a bold call for the policy bottom. The economic bottom is indeed confusing and the performance is not significant. This has a lot to do with the structural development of economic transformation, but the recovery momentum of consumer electronics has gradually emerged since the middle of the year, and the logic of driving the development of the science and technology industry is clear.

Moreover, with the strong development momentum of new technology industries such as AI and robots, new formats and development relationships are expected to emerge. At present, the investment relationships in the A-share market are gradually taking shape, and the semiconductor chip industry driven by Huawei is reactivated. These are all aspects that can be continuously tracked. Overall, growth technology has become a trend, and it can be continuously tracked and participated in.

"Attack high prosperity, dividends and low volatility as the bottom warehouse, layout inventory cycle." On the one hand, pay attention to the repair opportunities of value sectors such as cycles (building materials, chemicals, industrial metals, construction machinery) and consumption (textiles and clothing, leisure food, liquor) that benefit from policy promotion and fundamental improvement; on the other hand, continue to grasp high prosperity growth (automobiles, semiconductors, media), etc. At the same time, the economy is still in a weak recovery and external disturbances still exist. It is recommended to deal with short-term uncertainties with medium- and long-term certainty, layout dividend low-volatility assets, and focus on petroleum and petrochemicals, operators, insurance, electricity and transportation.

Disclaimer: The purpose of this article is to record my personal thoughts and judgments on the trend of A-shares, and to record my own operation track. It is a carrier for me to accumulate stock investment knowledge and reflect on my operational errors. The content of this article is time-sensitive, and the opinions are invalid if they are outdated or expired. The opinions are for reference only and do not constitute any investment advice to you. You are responsible for your own operations based on this. I wish you good stock luck!